My Food Bag shares biggest loser on NZX in debut, down 7.6%

Shares in My Food Bag slumped on their first day of trading on the NZX on Friday, as the stock was hurt by general market weakness.
My Food Bag has been hailed as the biggest IPO to hit the NZX in seven years, as the meal kit companys founders and investors sold shares to new investors at $1.85 each, raising $342 million and valuing the company at just under $450m.
The shares were the biggest decliner on the NZX in midday trading on Friday, falling 7.6 per cent to $1.71, with just over 1 million…

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