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XTEND loses 75% of its value since NYSE debut and lays off 10% of staff

FinanceInternationalmerca2.es15 s readAI summary
Image: merca2.es

XTEND debuted on the NYSE with a valuation of $1.5 billion and in two months has lost 75% of its value, down to $350 million. The company, which has annual revenue of $20 million, has laid off 10% of its workforce. The case is presented as a poorly calibrated IPO.

Read the full story at merca2.es

IASummary generated by artificial intelligence from a story by merca2.es. It may contain errors: the original source prevails.

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