DXN closes 5% lower at 66.5 sen upon Main Market return, worst-performing IPO listing so far in 2023Main Market returnee DXN Holdings Bhd has become the first listed company to close lower than its initial public offering (IPO) price on its maiden trading day this year, as it settled at 66.5 sen compared with the IPO price of 70 sen.
The counter had also opened 1.4% lower than its IPO price at 69 sen on Friday (May 19) with 12.71 million shares exchanging hands. Its intra-day share price was seen in the range between 64 sen and 70.5 sen.