Ecograf (ASX:EGR) debuted on the ASX today

Ecograf (ASX:EGR) has debuted on the Australian stock exchange today.

Following debut, shares of Ecograf fell 3.225% to $0.150.

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.