Austock debuted on the Australian Securities Exchange yesterday, finishing the session at a 17 per cent premium to its issue price at close of business.
The diversified financial group's shares finished the day at $2.10 compared to an issue price of $1.80.
Austock Group's market capitalisation was at $250 million.
The group was oversubscribed in its initial public offer, raising $10.8 million.
It is also believed that former AMP Capital director Rob Estcourt has joined Austock Asset Management as its chairman.
Estcourt would be joining another ex-AMP staffer Austock Asset Management managing director Alan Sheen.
Sheen would neither confirm or deny the appointment.
Austock, formed in 1991, employs more than 200 staff, with offices in Melbourne, Sydney, Brisbane and Chicago.
In 1997 the group established Austchoice, the first cooperative of financial planners in Australia.
