Investors warm up to Xurpas, shares up 50% on opening day

Xurpas apps snapshot from the company website

Philippine company Xurpas Inc’s shares soared nearly 50% on its first day of trading, Tuesday, as investors jumped at an opportunity to grab a piece of the first technology startup to list on the local exchange.

Shares of the company, which does mobile content like casual games, mobile stickers, messaging, among others, immediately hit the ceiling on its debut, with demand jumping 6.5 times the number of units on offer.

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