This company debuted on the ASX today

Lithium Plus Minerals Ltd (ASX:LPM) has debuted on the Australian stock exchange today.

Following an IPO at $0.25/share raising $10 million, shares in Lithium Plus Minerals Ltd soared 182% to close its debut session at $0.705/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.