MasterBeef Group (MB) saw its stock price plummet by 5% during intraday trading on Thursday, following the announcement of its initial public offering (IPO) pricing. The sharp decline comes as investors react to the terms of the company's market debut.

Earlier in the day, MasterBeef Group revealed that it had priced its IPO at $4.00 per share, offering a total of 2 million shares to raise $8.0 million. The pricing announcement, made before the market opened, set the stage for the company's first day of public trading.

The negative market reaction suggests that investors may have been disappointed with either the IPO price or the size of the offering. It's possible that market participants had higher expectations for the valuation of MasterBeef Group or were hoping for a larger share offering to improve liquidity. As trading continues, market analysts will be closely watching to see if the stock can recover from its initial decline and how it performs in the coming days following this lukewarm reception to its public debut.