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AAP
AAP
Business
By Derek Rose

Target-practice drone maker lauds spike on trade debut

Making cheap drones for armies to destroy during training is paying big dividends for Boresight. (PR IMAGE PHOTO)

An Australian company that makes cheap drones for armies to destroy during training has soared after making its stock exchange debut.

Boresight shares were changing hands at 36c on Wednesday afternoon, up 80 per cent from the 20c offer price in its $8 million initial public offering, giving the company a market value of $75 million.

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