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Zip Co’s strong performance pushes Silver to victory

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Dan Silver, co-chief executive of investment platform Stake, has won the latest edition of the Shares Race with a portfolio value of $117,792.

The supercharged performances of Silver’s top picks –Electro Optic Systems, a defence and space tech firm, and Zip Co, the “buy now, pay later” rival to Afterpay – contributed most to the victory.

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Zip co-founders Peter Gray and Larry Diamond. The Afterpay rival now has a market capitalization of more than $1 billion.Credit:Jessica Hromas

Silver’s initial $10,000 investment in Electro Optic was worth $15,135. His original $10,000 in Zip Co grew to $15,304.

Zip’s share price continued to soar after it reported a 138 per cent increase in revenue to $84.2 million for the year ended June 30.

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