Cadence Opportunities Starts Trading

I had decided not to buy more shares in the Cadence Opportunities (CDO.AX) IPO. But the stock closed at AUD 3.00 on the first day, up from the IPO price of 2.77, so perhaps I should have. Still haven't got our holding statement yet and it's not on Boardroom's website so it will be a while till we could actually trade it. They tried to raise AUD 52 million and only raised 15 million. So, it's surprising that it is trading above the IPO price, really.