MasterBeef Group (MB) saw its stock price plummet by 6.10% in after-hours trading on Thursday, extending its losses following the announcement of its initial public offering (IPO) pricing. The significant drop comes after the stock had already declined by 5% during the regular trading session.

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 relatively small size of the offering and the pricing terms appear to have disappointed investors, leading to the sell-off that continued into the after-hours session.

The negative market reaction could be attributed to several factors: 1. Valuation concerns: Investors might perceive the $4.00 per share price as too high given the company's current financials and growth prospects. 2. Size of the offering: The $8.0 million raised through the IPO might be seen as insufficient to fuel significant growth, raising questions about the company's capital needs and expansion plans. 3. Market conditions: Overall market sentiment or sector-specific trends could be influencing the stock's performance on its debut. As MasterBeef Group begins its journey as a publicly-traded company, investors will be closely watching its performance in the coming days. The continued decline in after-hours trading suggests that market participants are reassessing the company's valuation and prospects following its IPO.