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Zebit Inc (ASX:ZBT) share price crashes 21% lower following IPO – Motley Fool Australia

The Zebit Inc (ASX:ZBT) share price is crashing lower on Monday after listing on the ASX boards following its IPO…

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Hot on the heels of the Adore Beauty Group Ltd (ASX: ABY) and MyDeal.com.au Ltd(ASX: MYD) IPOs last week, another ecommerce company has hit the ASX boards on Monday.
The Zebit Inc (ASX: ZBT) share price landed on the Australian share market at 11am this morning following the successful completion of its IPO.
Unfortunately, it hasn’t been a very good first day for the US-based e-commerce company’s shares. At the time of writing they are fetching $1.24, down 21.5% from their listing price of $1.58…

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