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Evernorth Shares Fall 47% From Debut to $8.97 Thursday, Nov. 12

Evernorth held about 473 million XRP when its business combination closed Oct. 9, three days before XRPN began trading.

By Enna Lee
Published
Mentioned assets
A metal share medallion rests below a sharply sloped ramp / TokenPost.ai (macro)
A metal share medallion rests below a sharply sloped ramp / TokenPost.ai (macro)

Evernorth Holdings Inc. shares were last priced at $8.97 on Thursday, Nov. 12, about 47% below their first-session close, marking a sharp retreat roughly a month after their Nasdaq debut.

XRPN opened at $16.68, reached $19.39 during the session and ended regular trading at $16.91, up 1.38%, on its Oct. 12 Nasdaq debut.

At the Oct. 9 closing of its business combination, Evernorth had about 473 million XRP. XRPN shares represent equity in a company holding the digital asset, so the stock’s performance can differ from XRP’s.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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