Leifras Shares Fall in Nasdaq Debut

MT Newswires Live

10/09

Leifras (LFS) shares fell in their trading debut on Nasdaq Thursday after the Tokyo-based company priced its initial public offering of 1.25 million American Depositary Shares at $4 apiece.

The stock was down about 22% at $3.12 in recent trading after opening at $3.50.

The sports and social business firm granted its underwriters a 45-day option to buy up to 187,500 additional ADSs to cover over-allotments. The offering is expected to close Oct. 10.

Price: 3.12, Change: -0.88, Percent Change: -21.98

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