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Blatter focused on the long game as Wanda Sports IPO flops

Wanda Sports Group saw its share price fall 36 per cent on its trading debut after its initial public offering on NASDAQ raised just $190m, less than half its early goal for the listing.

The aspirational price of shares was in the $12-$15 range but, ahead of Friday’s IPO, they were priced at $8, opening at $6 before closing at $5.15. Bloomberg reports the listing as the second worst debut on a US exchange this year.

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