Shares fall as My Food Bag debut disappoints

Fri, 05 Mar 2021

The much-anticipated My Food Bag listing disappointed investors as it finished the day almost 6% below the IPO offer price, amid wider market weakness.The S&P/NZX 50 Index fell 44.25 points, or 0.36%, to 12,180.25. Within the index, 25 stocks fell, 23 rose and two were unchanged. Turnover was $183.7 million.While not included in the index, My Food Bag’s debut was the focus of market attention today. Without a physical bell ringing due to alert level two in Auckland, most investors would have watched the share price fall, fro...

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