Neptune Logitek IPO lists at 26% discount

Neptune Logitek's shares started trading on the stock market on December 22.

They began at a price much lower than expected, which was 26% less than the initial price set for the IPO.

This made people who bought the shares during the IPO lose money immediately.

The shares even dropped a bit more right after they started trading.

Before the listing, experts thought the shares might not do well, and that turned out to be true.

The company plans to use the money from the IPO to buy more trucks and pay off some of its debts.

Neptune Logitek is a company that helps move goods from one place to another using different types of transportation.