Published: August 15, 2023 at 12:03 pm ET
By Colin Kellaher
Shares of SRM Entertainment fell 20% in its trading debut on Tuesday following the toy and souvenir designer’s IPO.
The Jupiter, Fla. company, which is a unit of Jupiter Wellness, sold 1.25 million shares at $5 a share, in line with reduced plans it announced last month.
SRM…
By Colin Kellaher
Shares of SRM Entertainment fell 20% in its trading debut on Tuesday following the toy and souvenir designer’s IPO.
The Jupiter, Fla. company, which is a unit of Jupiter Wellness, sold 1.25 million shares at $5 a share, in line with reduced plans it announced last month.
SRM shares recently changed hands at $4, down 20%, while Jupiter Wellness shares rose 3.6% to $1.10.
Write to Colin Kellaher at [email protected]
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