Shares in goat milk powder maker Keytone are going nuts

Salah Malkawi/Getty Images

Shares in Keytone Dairy Corporation, the maker of goat milk power, jumped when the company made its debut on the ASX.

A short time ago, the shares were at 32.5 cents each, a rise of more than 60% from 20 cents.

The New Zealand manufacturer’s IPO raised $15 million.

The company’s powdered dairy products are for export, mainly to China.

This year Keytone launched a proprietary Goat Milk Powder on ecommerce platform JD.com, China’s largest retailer by revenue and transaction volume.

The company had sales of $2.1 million for the half year to March.

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