Alvarium Tiedemann shares drop on first day of trading
The Tiedemann/Alvarium merger had been cited as a standout by industry observers because of its focus on high-net-worth investors.
After debuting Wednesday morning in trading on the Nasdaq, shares of Alvarium Tiedemann Holdings, the highly anticipated listing of a leading registered investment advisor with $60 billion in assets, fell by close to one-third in value. At 12:20 p.m. Wednesday, shares were trading at $7.78; on Tuesd
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