11:52 AM EDT, 10/11/2024 (MT Newswires) -- Star Fashion Culture Holdings (STFS) shares fell in their trading debut on Nasdaq Friday after the company priced its initial public offering of 2.15 million class A shares at $4 apiece for expected gross proceeds of $8.6 million.

The stock was down about 6.5% at $3.74 in recent trading after opening at $3.75.

The content marketing solutions services provider said underwriters have been granted a 30-day option to buy up to 322,500 additional shares. The IPO is set to close on Oct. 15.