Shares of Latitude Financial Group finally made their stock market debut with the ticker “LFS” on third attempt, surging 15% on its listing on the Australian Securities Exchange (ASX) on Tuesday. Latitude stock (ASX: LFS) opened trade at AU$2.96 apiece against an offer price of AU$2.60 and hit a high of AU$2.99, delivering a stag profit of 15% to its initial public offer (IPO) investors. With its share price spiking to AU$2.99, Latitude’s market valuation surged to nearly AU$3 billion. The pandemic proved lucky for the company as after two failed attempts in the last three years, Australia’s leading credit provider successfully raised AU$200 million through initial public offer (IPO).
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