Dick Smith debuts on ASX

 Updated A lacklustre stockmarket debut by Dick Smith Holdings has drawn unfavourable comparisons with fellow retailer Myer’s poor listing four years ago. Electronics store, Dick Smith, listed at $2.20 and rose as high as $2.32 in its opening minutes. However it fell below its listing price before recovering to close at $2.20. Like Myer, Dick Smith’s initial public offer (IPO) comes after being spun out of a private equity firm. Anchorage bought Dick Smith for $94 million from Woolw

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