Singaporean telehealth provider Mobile-Health Network Solutions stock plummets 85% below its $4 IPO price.
Singaporean telehealth provider Mobile-Health Network Solutions, previously the top-performing US IPO this year, saw its stock plummet 85% below its $4 IPO price for the first time since its April public listing. The stock had surged over 580% in its initial trading, reaching a market value of $925 million, but now stands at $112 million after Friday's plunge that erased $638 million from its valuation.
May 03, 2024
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