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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