Estate agent comparison website Rate My Agent debuts on ASX
Rate My Agent has debuted on the ASX with its $92 million ASX float appraised as worth $75.4 million on its first day close-of-trade.
RMA Global — which operates the Rate My Agent real estate agent comparison site raised $12 million selling 48 million shares at 25c each. The stock opened its first day of trade at 24c and fell as low as 19c before closing at 20.5c — an 18 per cent drop on its issue price. Rate My Agent allows punters to rate the agent and agency that helps them to buy and sell property.