Stock Track | The Growhub Limited (TGHL) Plummets 5.75% on First Trading Day After $15 Million IPO

Stock Track

Aug 28, 2025

Shares of The Growhub Limited (TGHL) plummeted 5.75% in intraday trading on Thursday, marking a disappointing debut for the Singapore-based blockchain technology company on its first day of trading on the Nasdaq Stock Market. This sharp decline comes just hours after the company announced the pricing of its initial public offering (IPO).

Late Wednesday, GrowHub revealed that it had priced its IPO of 3.75 million Class A shares at $4 each, raising a total of $15 million. The IPO underwriter was also granted a 45-day option to purchase an additional 562,500 shares to cover over-allotments. Despite this seemingly successful offering, investors appear to be expressing skepticism about the company's valuation or growth prospects.

The negative market reaction to GrowHub's public debut raises questions about investor sentiment towards blockchain technology companies and the broader tech sector. It remains to be seen whether this initial setback is a temporary blip or indicative of longer-term challenges for the company. As trading continues, market watchers will be closely monitoring TGHL's performance to gauge investor confidence in the blockchain firm's future prospects.

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