Founder Group (FGL) shares fell in their Nasdaq trading debut Wednesday after the firm priced its initial public offering of about 1.22 million shares at $4.00 per share.
The shares were down over 16% at $3.35 in recent trading after opening at $5.
The offering is set to close Thursday, said the firm, an engineering, procurement, construction and commissioning company for solar PV facilities in Malaysia.
Price: 3.35, Change: -0.65, Percent Change: -16.25
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