Stock Track | Public Policy Holding Plummets 6.12% in Nasdaq Debut, Falls Below IPO Price

Stock Track

Jan 29

Public Policy Holding Co. (PPHC) shares plummeted 6.12% during intraday trading on Wednesday, marking a volatile start to its Nasdaq listing.

The lobbying firm's stock fell below its initial public offering price of $12.25 per share shortly after beginning trading on the Nasdaq Global Market. According to market reports, the stock opened at $12.19 and declined further during the session, trading as low as $11.69 at one point.

The company had priced its U.S. IPO at $12.25 per share, expecting to raise approximately $50.8 million in gross proceeds through the sale of 4.15 million shares. The weak debut performance suggests investor skepticism about the company's valuation despite its established presence on the London Stock Exchange's AIM market.

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(PPHC) shares plummeted 6.12% during intraday trading on Wednesday, marking a volatile start to its Nasdaq listing.</p><p>The lobbying firm's stock fell below its initial public offering price of $12.25 per share shortly after beginning trading on the Nasdaq Global Market. According to market reports, the stock opened at $12.19 and declined further during the session, trading as low as $11.69 at one point.</p><p>The company had priced its U.S. IPO at $12.25 per share, expecting to raise approximately $50.8 million in gross proceeds through the sale of 4.15 million shares. The weak debut performance suggests investor skepticism about the company's valuation despite its established presence on the London Stock Exchange's AIM market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPHC","symbol_name":"Public Policy Holding Co. 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