SL Science Holding pops at Nasdaq open, SPAC risks linger
SL Science Holding Limited Ordinary Shares shot up in early trading Tuesday. The stock jumped after its Nasdaq IPO, with Robinhood showing SLBT at $18.90. Shares traded in a wide range, between $3.00 and $21.05 on June 16. Volume hit 3.93 million, way over the average 487,860. That came after a steep fall on the first day—Finviz said SLBT ended June 15 at $3.33, down 42.59%. Yahoo Finance also pegged the close at $3.33, previous close $4.00. Wild price action is common for new SPAC listings like SLBT. This run looked driven by liquidity and float, not clinical news.