Someone made a huge trade at a crazy premium on Superloop minutes after it listed yesterday

Picture: Getty Images

Dark fibre company Superloop made its debut on the ASX yesterday.

Minutes after trade began at 11am AEST somebody bought 750,000 shares at $1.95, at a cost of almost $1.5 million and a 95% increase on the IPO price of $1.

The stock price maintained its strength throughout its first day of trade closing up more than 100% at $2.03.

Here’s the chart.

NOW READ: Australian dark fibre network Superloop lists on the ASX today after raising $17.5 million

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