LA PLATA, Maryland — Space-based space situational awareness (SSA) data provider NorthStar Earth & Space got a rough reception on its first day of trading on the NYSE American exchange, with shares opening well below the $10 pre-IPO valuation and then falling 25% Oct. 2 to $4.45 per share.
NorthStar’s SPAC-enabled IPO with blank-check company Viking Acquisition Corp. I was undermined when Viking’s shareholders redeemed their shares at the last minute, apparently concluding that the public market would not sustain a . . .
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