12:24 PM EDT, 09/26/2024 (MT Newswires) -- Innovation Beverage Group (IBG) shares tumbled 25% in recent Thursday trading after making its Nasdaq debut at lower than the $4-per-share initial public offering price.

The company's shares reached a low of $2.85 intraday after opening at $3 apiece.

The offering is expected to close around Friday, the company said.

Price: 3.00, Change: -1.00, Percent Change: -25.00