On April 14, Haydale went public last week and raised £6.6 ($11 million). Now it is reported that Haydale is considering to sue its broker (Hume Capital Securities) after it "temporarily" dropped all of its market-making activities on IPO day.
At the open of the trading session on that day was 225 pence per share. Since the IPO the shares dropped over 28% (to 160 pence). On the first trading day the share dropped 15%.
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Posted: Apr 24,2014 by Ron Mertens