Billboard operator QMS Media has enjoyed an exceptional share market debut despite a broad market selloff.
The stock hit the boards at 68 cents when it started trading at 1100 AEST, a three cent premium to its issue price.
It closed more than nine per cent higher, or six cents, at 71 cents.
QMS' positive debut came despite heavy falls on the broader share market in reaction to global concerns that Greece is close to defaulting on its debt.
The company launched its initial public offering in the hope of raising about $90 million through an issue of 138.5 million shares.
It plans to use the money to fund acquisitions and roll out more digital billboards as it seeks to expand across the Asia Pacific region.
It already operates static and digital billboards and transport and retail advertising space in Australia, New Zealand and Indonesia.
Share
