AceVector Drops 11.5% in Market Debut After Over $50 Million IPO
Shares of AceVector, the parent company of Indian e-commerce platform Snapdeal, listed at an 11.5% discount on Monday after a more than $50 million initial public offering last week. The shares debuted at 28.32 rupees on the National Stock Exchange of India, against a 32 rupee offer price.