Visionary Education stock tumbles for second day in wake of spectacular IPO

May 19, 2022 5:33 PM ETVEDUBy: Val Kennedy, SA News Editor1 Comment

IPO-Initial Public Offering

marrio31/iStock via Getty Images

Newly public Visionary Education Technology (VEDU) stock plunged 39% on Thursday after gaining 525% following its $17M initial public offering on Tuesday.

Shares of the educational services company opened at $4.31 on Thursday, later sliding to close at $3.05, down 39% from the previous session.

The stock soared as high as 600% on Tuesday during its market debut, finally closing at $25, up 525% from its IPO price. The company had priced 4.3M shares at $4 per share, raising around $17M.

Shares of VEDU retreated on Wednesday, however, falling 80% to close at $5 per share.

VEDU first filed for an IPO in March.

Recommended For You

Comments (1)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.