19 Jul 2013

Disappointing debut for Wynyard Group

7:24 pm on 19 July 2013

Trading in shares in security software company Wynyard Group had a disappointing debut on Friday, falling below the issue price.

The shares began trading on Friday at the $1.15 issue price and fell as low as $1.09 before ending the day at $1.11.

Wynyard raised $65 million from its float to repay debt and to fund its international expansion.

Managing director Craig Richardson said he isn't particularly concerned about the share price on any particular day.