Shares of Neo-Concept International Group Holdings slid on the Nasdaq on Wednesday, a day after the stock more than doubled in its debut.
In afternoon trading, shares of the company were down 76%, at $2.28. The stock, which was priced at $4 a share for its Tuesday initial offering, opened the day at $4.35 and rose to as high as $11.39 before closing at $9.50.
Neo-Concept International Group Holdings offers services in the apparel supply chain, including market-trend analysis, product design and development, and logistics management.