11:12 AM EDT, 10/23/2024 (MT Newswires) -- Founder Group (FGL) shares fell in their Nasdaq trading debut Wednesday after the firm priced its initial public offering of about 1.22 million shares at $4.00 per share.

The shares were down over 16% at $3.35 in recent trading after opening at $5.

The offering is set to close Thursday, said the firm, an engineering, procurement, construction and commissioning company for solar PV facilities in Malaysia.

Price: 3.35, Change: -0.65, Percent Change: -16.25