The shares opened trading at ZAR1.36 ($0.2098), valuing the company at ZAR224.4m ($34.62m). In the first two hours of trading, 5.9m shares changed hands, in 261 transactions. The company plans to use the ZAR50m ($7.71m) raised in the listing to purchase new cranes, allowing it to meet surging demand: currently, the firm says, it is turning away around 20% of new orders due to inventory shortages.
