Kandal M Venture shares fall 5.03% in premarket after starting trading on Nasdaq at $4.00 per share.

Kandal M Venture Limited plunged 5.03% in premarket trading, following its Nasdaq debut on June 25th at an initial price of $4.00 per share. The company specializes in contract manufacturing affordable luxury leather goods, including handbags, backpacks, and wallets, with manufacturing operations based in Cambodia. The company plans to use IPO proceeds to expand into the European market, enhance production capacity, and establish a new design center, aiming to raise $8 million.