Leifras Co. Ltd. (LFS), a Japanese sports education and social business services provider, experienced a dramatic 26.50% plunge in its stock price during its debut on the U.S. stock market on Thursday. The company's shares opened at $2.88, significantly below its initial public offering (IPO) price of $3.50 per share, marking a challenging start for the newly listed entity.

The steep decline reflects a lukewarm reception from investors on the first day of trading. Leifras Co. Ltd., which operates over 4,500 facility locations across Japan and serves more than 65,000 members nationwide, faced immediate selling pressure as it entered the U.S. market.

This disappointing debut raises questions about investor appetite for international companies in the current market environment, particularly those in the sports education and social business sectors. As trading continues, market watchers will be closely monitoring Leifras Co. Ltd.'s performance to see if it can recover from this initial setback and gain traction among U.S. investors.