IPOs trade down on first day after Trump sinks markets

Sam Kerr

October 07, 2020 12:45 pm

Trump_grumpy_PA_575x375_Oct7 — (201006) -- BEIJING, Oct. 6, 2020 (Xinhua) -- Image provided by the White House shows U.S. President Donald Trump participating in a phone call with Vice President Mike Pence, Secretary of State Mike Pompeo, and Chairman of the Joint Chiefs of Staff General Mark Milley from a conference room at Walter Reed National Military Medical Center in Bethesda, Maryland, the United States, on Oct. 4, 2020. (Tia Dufour/The White House/Handout via Xinhua) | Tia Dufour/Xinhua News Agency/PA Images

Shares in two companies, listed on Wednesday, are trading below their IPO price, with bankers blaming more volatile market conditions for the disappointing moves.

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Sam Kerr