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intelliHR Holdings up 56% just 24 hours after ASX debut

The company has a cloud-based people management and data analytics platform.

ASX chart
Shares were trading at $0.53 at midday today

intelliHR Holdings Limited (ASX:IHR) has made a successful debut as an ASX-listed company with shares up 56% a day after trading began.

The cloud-based people management and intuitive data analytics software company opened at $0.34 on Tuesday and at midday today had climbed to $0.53.

intelliHR had almost 58 million shares on issue at the quotation date with another 46 million shares in escrow for periods of 12 and 24 months.

Another 20.7 million shares are subject to voluntary escrow for six months.

READ: intelliHR Holdings will list next week after raising $4.5 million in IPO

The company raised $4.5 million in its oversubscribed IPO at an offer price of $0.30 per share after raising $4 million in a pre-IPO offering.

Automated HR processes

intelliHR launched in 2013 and combines the automation of HR processes with data analytics.

It believes that Software-as-a-Service (SaaS)-based systems will become industry standard in HR management in the near future.

Quick facts: intelliHR Holdings Ltd

Price: 0.065 AUD

ASX:IHR
Market: ASX
Market Cap: $10.1 m
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