Shares of Enigmatig Limited (EGG) skyrocketed 75% in their trading debut on the NYSE American Market, following the company's initial public offering (IPO). The consultancy firm's stock began trading on Wednesday, marking a strong start for the newly public company.

Enigmatig had priced its IPO at $5 per share, offering approximately 2.8 million Class A ordinary shares to the public. The underwriters have been granted a 45-day option to purchase up to an additional 426,780 shares. The company expects the offering to close around Friday, subject to customary closing conditions.

The dramatic surge in Enigmatig's stock price on its first day of trading is not uncommon for highly anticipated IPOs. Investors often show significant interest in newly public companies, particularly those in consulting or technology sectors. The 75% increase suggests strong market enthusiasm for Enigmatig's business model and growth prospects, although it's important to note that IPO stocks can be volatile in their early trading days.