Today another three companies debuted on the ASX and they all gained on debut.

The first of these was Silk Laser (ASX:SLA) which runs skin treatment clinics – 53 of them across all states except Victoria and the ACT.

It is only the second stock in this trade – the other being Wellness & Beauty Solutions (ASX:WNB)

Silk Laser raised $83.5 million at $3.45 per share and commenced trading at 11am (AEDT). Shares saw a modest spike to $3.53.

The company intends to use proceeds to expand its clinic network with a goal of having 150 eventually.

The listing was accompanied with a financial update where it reported cash sales rising 63 per cent in the first five months of FY21 compared to the prior corresponding period and underlying earnings of $9.7 million.

“Our clinics have continued to perform strongly throughout the year and I am confident that with the funds raised we will continue to benefit from this momentum and further accelerate our growth,” said managing director Martin Perelman.

Silk Laser (ASX:SLA) share price chart

 

Akora Resources

Next up at 11.30am was Akora Resources (ASX:AKO) which is an iron ore junior focused on Madagascar.

The company raised $5 million at 25 cents per share and shares rocketed 86 per cent to 46.5 on debut.

In 2021, Akora will begin a drilling campaign at its Bekisopa project. It has the goal of defining a 100 million tonne JORC resource.

Akora Resources (ASX:AKO) share price chart

 

Another big financial stock

And last but not least (in fact one of the biggest this year) was online banking lending stock Liberty Financial (ASX:LFG).

Liberty’s listing is a long time coming having been founded two decades ago. But over the years it has grown to be Australia’s 10th biggest lender.

The company raised $320.7 million at $6 per share and on debut rose to $6.70 – a 12 per cent gain.

Liberty Financial (ASX:LFG) share price chart

 

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