Martin Aircraft jumps 50% in ASX debut

Tue, 24 Feb 2015

By Suze Metherell Feb. 24 (BusinessDesk) - Martin Aircraft shares jumped 50 percent on their debut on the Australian Stock Exchange after the company raised A$27 million to fund the commercialisation of its jetpack. The shares first traded at 60 Australian cents, up from its offer price of 40 Australian cents, in its debut on the ASX. The stock briefly traded as high as 64 Australian cents. The A$27 million in funds raised via the IPO will be used to help make its jetpack a commercial venture in 2016, and cover ongoing costs in the int...

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