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)

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Stewart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Canadian satellites and space-exploration technology company <a href=\"https://laohu8.com/S/MDALF\">MDA Space</a>'s shares opened with a gain on their first day of trading in New York but saw the advance fizzle. \n</p>\n<p>\n  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%. \n</p>\n<p>\n  Late Tuesday, MDA launched a $300 million initial public offering in the U.S., seeking access to a deeper pool of American institutional capital. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 12, 2026 13:33 ET (17:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MDA","symbol_name":"MDA Space Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2619155919","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619155919","pubTimestamp":1773336780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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In Toronto, the shares were down 5.6% at C$42.91, narrowing the jump over the last year to about 54%. \n\n\n  Late Tuesday, MDA launched a $300 million initial public offering in the U.S., seeking access to a deeper pool of American institutional capital. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 12, 2026 13:33 ET (17:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}