It was a strong day of trading yesterday for our debut on the ASX. The share price sat at $A1.45 when trading closed, an increase of 7.4 per cent on the $A1.35 issue price. Shares traded as high as $A1.52. $A1.45 represents a market capitalisation of $A144 million.

Unfortunately, due to COVID restrictions we didn’t get our moment on the ASX trading floor to ring the bell as trading opened. So we brought the bell into DUG and rang it proudly as the market opened.

Our MD Matt Lamont said he was pleased with the company’s debut.

“Today was the first day in the next phase of growth for the company,” Matt said. “We are entering new markets with new clients for our superior high-performance computing as a service technology and unrivalled expertise. “Our focus is on demonstrating the clear benefits of our technology, particularly our innovative DUG McCloud platform, working with our clients to ensure their success, and delivering returns for our shareholders.”