Logistics software company WiseTech Global cracked the $1 billion mark just minutes after listing on the Australian stock exchange today, with shares jumping more than 5 percent on debut.

The company's shares opened at $3.45 - a 3 percent premium on WiseTech's $3.35 offer price - and cracked the $1 billion valuation mark when they hit $3.51 about 20 minutes after listing.

Its shares were sitting at a peak of $3.67 just under an hour after listing. They hit a high of 16 percent up on the offer price yesterday.

WiseTech's core offering, its CargoWise logistics software platform, is used by 6000 companies globally, according to the tech vendor.

The company brought in revenue of $70 million in its most recent full fiscal year, and $10 million in net profit.

WiseTech has forecast revenue of $102 million and $13 million in net profit for the 2016 financial year. It employs around 420 people and has net assets worth around $72 million.

Likely to buoy the FY2016 results is the recent signing of logistics giant DHL under a 4.5 year deal for CargoWise One. WiseTech at the time said it expected the contract to deliver revenue of over $60 million.