US Stock Market Fluctuation | Fintech company Advasa Holdings (ADBT.US) debuts on the US stock market, plunging over 64% after opening

According to Zhihu Finance APP, on Tuesday, Advasa Holdings (ADBT.US) debuted on the US stock market. As of press time, the stock had fallen more than 64%, trading at $4.265. The IPO price was $12. Advasa Holdings is a fintech company whose core business is offering early wage access. Its FUKUPE platform allows employees to withdraw wages they have already earned before the official payday and can be integrated with companies' existing human resources and payroll systems. Currently, its business is mainly concentrated in Japan, and there are plans to expand into overseas markets such as Indonesia and the United Arab Emirates.