We recently published Wall Street’s 10 Worst Performing Stocks. NIQ Global Intelligence is one of the worst performers on Wednesday.
NIQ Global Intelligence finished in the red on its first day as a publicly listed company, shedding 9.48 percent to close at $19.01, as investors appeared to have looked for more catalysts to boost buying appetite.
The company opened at a price of $20.25 apiece, hit a high of only $20.39, and touched a low of $18.99.
However, the company was able to raise as much as $1.5 billion in its market debut, with proceeds to be used to repay existing debt, while the remainder will be used for general corporate purposes.
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NIQ Global Intelligence is a leading market research provider that operates in more than 90 countries, including North America, Latin America, Asia Pacific, Europe, Africa, and the Middle East, and has a workforce of more than 38,000 people.
It also caters to over 23,000 clients globally, including about 50 percent of the Fortune 500.