A technology company behind software used in cash registers and mobile payments has enjoyed a strong share market debut.
Touchcorp shares began trading at $1.63 when they hit the market at 1200 AEDT, up 16.5 per cent from their issue price of $1.40.
By 1240 AEDT the shares had fallen back slightly to $1.54, which was still a gain of 10 per cent.
The company develops the Touch System software program, which is used by convenience store chain 7-Eleven, Telstra, Optus, healthcare providers and the government.
Touch System is a cloud-based electronic service used for electronic payments.
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