BUZZ-Australia's Cuscal falls about 7% in trading debut

Reuters

2024/11/25

** Shares of Cuscal CCL.AX fall as much as 7% to A$2.320 in trading debut, compared with IPO price of A$2.50 apiece

** Stock started declining after opening flat

** Payment services co raised nearly A$337 mln ($221 mln) in the IPO with A$479 mln market value, according to a statement

** Almost 1.7 mln shares change hands

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com;))

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