Boxer shares surge in knockout JSE IPO

CEO Marek Masojada attributed Boxer’s strong market debut to its proven value-driven model, which serves cost-conscious consumers

28 November 2024 – 10:10

by Nompilo Goba and Jacqueline Mackenzie

Boxer’s highly anticipated debut on the JSE on Thursday saw its shares soar as much at 20% at one stage, highlighting strong demand and investor confidence in the discount retail sector.

The low-cost retailer’s shares opened at R63.01, significantly higher than the initial public offering (IPO) price of R54, hitting a best level of R64.88 at one stage…

Source