SRJ shares rise 50% on IPO as Mitsui takes position

SRJ Technologies rang the bell on the Australian Securities Exchange today, listing at a price of 50c per share which had risen to 77.5cps by mid-afternoon trading. 

SRJ shares rise 50% on IPO as Mitsui takes position SRJ shares rise 50% on IPO as Mitsui takes position SRJ shares rise 50% on IPO as Mitsui takes position SRJ shares rise 50% on IPO as Mitsui takes position SRJ shares rise 50% on IPO as Mitsui takes position

CEO Alex Wood

 
Japanese conglomerate Mitsui has taken a stake of one million shares and the directors took a combined $500,000 of the $8 million placement.