SelfWealth lists on ASX

SelfWealth lists on ASX

Australian fintech company SelfWealth has officially listed on the ASX today after closing its initial public offering at $7.3 million.  The company, which was founded by former CBA banker Andrew Ward in 2012, provides its users with a social portfolio construction network as well as a flat fee brokerage service.  In its IPO announced on 6 November, SelfWealth offered approximately 37.5 million shares priced at $0.20 per new share, implying a market capitalisation of approximately $26.1 million.

 

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