US Stocks Surged | Singaporean Food Blockchain Company GrowHub (TGHL.US) Debuts in Nasdaq and Drops over 15% from its $4 IPO Price

According to the Zhitong Finance and Economics APP, GrowHub (TGHL.US), a food supply chain traceability blockchain technology provider based in Singapore, encountered a break on the first day of its listing on the Nasdaq, with a closing price of $3.38, a decrease of 15.50% from the issuing price of $4. The company issued 3.8 million common stocks at a price of $4 per share, raising approximately $15 million in actual funding. The issuing price was at the lower end of the previously set range of $4 to $5.