Nomadar Corp. (NOMA) experienced a disastrous debut on the Nasdaq Capital Market on Friday, with its stock price plummeting 46.67% during intraday trading. The company, which began trading following its opening bell ceremony, saw its shares tumble significantly, shocking investors and market watchers alike.

The dramatic decline came as a surprise, given the anticipation surrounding Nomadar's direct listing. Early trading data showed the stock down 30%, but the sell-off intensified as the day progressed. By mid-afternoon, Nomadar's shares were trading at $18.40, representing a steep drop of $11.60 from its opening price.

While it's not uncommon for newly listed companies to experience volatility in their early trading days, the magnitude of Nomadar's decline is notable. The reasons behind this poor performance remain unclear, but it could be attributed to factors such as market conditions, investor skepticism about the company's valuation, or concerns about its business model. As Nomadar continues its journey as a public company, all eyes will be on how it navigates this challenging start and whether it can regain investor confidence in the coming days and weeks.