YESTERDAY MORNING saw the first day of trading on the Australian Stock Exchange (ASX) for shares in Slater & Gordon Limited.
Opening at a premium of $1.32, the initial signs were very encouraging for Australia’s first listed law firm, with a share price 32 per cent above the initial public offer.
A total of 35 million shares were initially offered at $1.00 before the offer closed on 5 May, ahead of the 21 May listing on ASX.
When Lawyers Weekly went to press on Monday, Slater & Gordon Ltd’s share price had hit a high of $1.45.
The ASX listing for Slater & Gordon Limited gave the following description: “a consumer law firm with key practices in asbestos litigation, personal injuries litigation, commercial litigation, wills, probate and estate litigation, industrial and employment law, family law and advisory services”.