RTTNews | Jul 2, 2021 11:01AM EDT

11:00 Friday, July 2, 2021 (RTTNews.com) - Shares of Pop Culture Group Co., Ltd (CPOP) are currently slipping over 15% on the third day of its trading on Nasdaq.

The company had priced its initial public offering of 6.2 million shares at $6 each. It had opened trading at $12.26 on Wednesday, its first day of trading, and closed at $30.30. On Thursday, its second day of trading, the company closed trading at $59.90, up almost 1,000% compared to IPO price.

CPOP is currently trading at $50.89, down $9.01 or 15.04%, on the Nasdaq.

Pop Culture Group hosts entertainment events to corporate clients in China. The company hosts concerts and hip-hop related events, including stage plays, dance competitions, cultural and musical festivals, and promotional parties.

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