On July 15th 2015, Amaysim debuted on the Australian stock exchange. At the close of trading the company finished 5% up for the day after a shaky start during the morning session.
With global equity markets on a downward turn, many companies have delayed their IPO’s so Amaysim’s foray into this area has required guts. The company’s IPO has raised over 207 million dollars with a share price of $1.80 each. The price of $1.80
The shares started below it’s issuing price and eventually closed at $1.90. During the trading day, over 8 million shares were traded which represents about 5 percent of the company’s equity.
Amaysim is a VAS (Valued added reseller) of the Optus mobile network. Amaysim do not have any infrastructure of their own and simply act as a reseller. The company provides phone services only and has a subscriber base of over 700,000 customers. It is hoping to have over one million customers by 2019.