Eastern Metals Ltd (ASX:EMS) has debuted on the ASX today.

Eastern Metals Ltd (ASX:EMS) has debuted on the Australian stock exchange today.

Following an IPO issuing 30 million shares at 20c/share raising $6 million, shares in Eastern Metals rose 17.5% to close the debut session at $0.235/share.

An increase in listing price is a vote of confidence from the market about the future prospects of the company.

A decrease in the listing price can be interpreted in a number of ways, including whether the IPO was accurately priced.