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Sept. 22, 2021, 10:46 a.m. EDT

A.K.A. Brands stock has a disappointing debut, opening nearly 14% below the IPO price

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    a.k.a. Brands Holding Corp. (AKA)
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By Tomi Kilgore

A.K.A. Brands Holding Corp. /zigman2/quotes/229432449/composite AKA +0.64% was jeered by investors in its public debut, as the California-based fashion company's stock opened 13.6% below the initial public offering price. The IPO priced at $11 a share, at the low end of the recently lower expected range. The stock's first trade was at $9.50 at 10:35 a.m. Eastern for about 893,300 shares. At that price, the company was valued at $1.20 billion. The stock has bounced slightly since the open, to trade recently down 10.8% at $9.84. It has traded in a range of $9.30 to $10.29 since the open. The stock's disappointing debut comes on a day that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.27% was rallying 1.1% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.88% was climbing 0.9%.

/zigman2/quotes/229432449/composite
US : U.S.: NYSE
$ 1.58
+0.01 +0.64%
Volume: 4,582
Feb. 6, 2023 10:02a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$202.24 million
Rev. per Employee
$586,395
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 29.60
-0.08 -0.27%
Volume: 6,945
Feb. 6, 2023 10:10a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,100.24
-36.24 -0.88%
Volume: 0.00
Feb. 6, 2023 10:21a
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