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Shares in Japanese cosmetics retailer Yoshitsu (TKLF) rose 20% on Thursday but are still 24% below their $4 IPO price per share.
The stock opened at $2.65 and hit a low of $2.56 in early trading before jumping to $3.12 in early afternoon. Shares last changed hands at around 2:00 PM ET at $3.05, up 20%.
Yoshitsu shares have been very volatile since the company went public on Jan. 18. The stock hit a 52-week high of $43 on its market debut and a low of $1.84 on March 7th.
Yoshitsu shares soared during its market debut on Jan. 18, closing at $32, up 700% from its IPO price. The stock opened at $40.99 per share.
The company had valued 6 million shares at $4 per share and raised $24 million.
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