Neo-Concept International Group Holdings Limited (NASDAQ:NCI) shares are trading lower Monday as the stock falters following its Nasdaq debut. Here's a look at what to know.
The Details:
Neo-Concept International shares began trading on April 23 with an initial public offering of 2,320,000 shares at a price of $4.00 per share. The stock spiked on its first day of trading and reached an all-time high of $11.39 the following day.
Neo-Concept International’s stock has fallen following the initial IPO spike and is down by nearly 90% since its Nasdaq debut.
Neo-Concept International offers services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management through Neo-Concept HK.
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