MDA Space Shares Lose Steam After Climbing on New York Debut

Dow Jones
03/13
 

By Robb M. Stewart

 

Canadian satellites and space-exploration technology company MDA Space's shares opened with a gain on their first day of trading in New York but saw the advance fizzle.

The stock rose as high as $32.26 on the New York Stock Exchange, a 5.8% premium to the offering price of $30.50, but cooled in afternoon trade to $31.61. In Toronto, the shares were down 5.6% at C$42.91, narrowing the jump over the last year to about 54%.

Late Tuesday, MDA launched a $300 million initial public offering in the U.S., seeking access to a deeper pool of American institutional capital.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

March 12, 2026 13:33 ET (17:33 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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