Shares in educational technology provider Alef Education (ALEFEDT.AD), opens new tab fell almost 18% in their market debut on the Abu Dhabi stock exchange on Wednesday.
The stock opened flat and then fell to 1.11 dirhams ($0.3022) per share, down almost 18% compared with its initial public offering (IPO) price of 1.35 dirhams.
The shares were trading down 10.4% by around 0731 GMT and at the bottom of Abu Dhabi's benchmark index (.FTFADGI), opens new tab.
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