News > Prudent Corporate is third straight IPO to list at discount, shares dip 10%
Prudent Corporate is third straight IPO to list at discount, shares dip 10%
Business Standard | 20/05/2022 09:34 PM | Click to read full article
Shares of Prudent Corporate Advisory Services, a mutual fund distributor, closed 10 per cent below their issue price during their stock market debut on Friday. Prudent Corporate is the third straight IPO to list at a discount after LIC and Rainbow Children's Medicare.
The weak listings are on the back of a selloff in the secondary market.
