Craig Richardson, chief executive of the Wynyard Group. The company's shares are back at the listing price after having a tough first week on the NZX.
Wynyard Group shares briefly returned to their initial public offer price of $1.15 today after taking a dive following the company's $65 million sharemarket listing last Friday.
Shares in the company, which develops software used by governments and companies to fight crime and corruption, fell as low as $1.07 on
Monday.
The stock had eased back to $1.14 just after 1.30pm, valuing the company at $117 million.
The NZX-50 index is down 0.02 per cent.
Commenting on the fall in the share price following Wynyard's listing, chief executive Craig Richardson said the company was more interested in long-term growth than short-term movements in the stock.
