 Listing on the Australian Stock Exchange (ASX) on 5 August 2014, Bellamy's Australia Limited (BAL) shares were "quickly embraced by investors", surging in value as much as 34% in the first day of trading.Described by stock analysts as an "outstanding success", prices rose to a high of $1.34, before closing 30.1% above the $1 offer price at $1.31, giving the company a market capitalisation of $124 million.The issue price has valued the company at 19-times forward earnings for Financial Year 2015, with an indicative dividend of 1.6%.