DDH1 debuts on the ASX

LEADING Australian drilling company DDH1 has made its long-awaited market debut, following a A$150 million initial public offering.

DDH1 debuts on the ASX DDH1 debuts on the ASX DDH1 debuts on the ASX DDH1 debuts on the ASX DDH1 debuts on the ASX

L-R: DDH1 co-founders Murray Pollock, Matt Thurston, Richard Bennett and Matt Izett. Image: Sharon Smith

Shares got off to a wobbly start, opening at A91c, well below the $1.10 issue price, and only fell further from there, closing at 87c.

About 40% of the company, or 136.