Electronics retailer Dick Smith has made a positive stock market debut on a day the overall Australian bourse is down.
At 1230 AEDT, the stock was at $2.24 - four cents, or 1.8 per cent, above its list price of $2.20.
It rose as high as $2.32 in its first few minutes of trading after debuting at midday.
The mid-cap has started life as a public company with a market cap of $520 million.
Private equity firm Anchorage purchased Dick Smith, and its 325-store network, for $94 million from Woolworths in November last year.
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