MYOB chief rejects criticism as stock jumps 6pc on debut

By Shaun Drummond
Updated May 4 2015 - 11:08pm, first published 10:39pm
MYOB chief executive Tim Reed ... About 75 per cent of the company's shares went to institutional investors from local and overseas investors when it began trading on the ASX.  Photo: James Alcock
MYOB chief executive Tim Reed ... About 75 per cent of the company's shares went to institutional investors from local and overseas investors when it began trading on the ASX. Photo: James Alcock
MYOB chairman Justin Milne and CEO Tim Reed ring the bell at the start of trading in MYOB at the ASX. Photo: Daniel Munoz
MYOB chairman Justin Milne and CEO Tim Reed ring the bell at the start of trading in MYOB at the ASX. Photo: Daniel Munoz

MYOB chief executive Tim Reed says the success of the biggest float of the year should be celebrated by small business around Australia, and has rejected criticism of the group's cloud-based accounting software by pointing to the strong take-up of the product.

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