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.

Read the full article at Property Observer