Advent-Backed NIQ Global Sinks 9.5% After $1.05 Billion IPO (2)

NIQ Global Intelligence Plc shares slumped 9.5% after the company raised $1.05 billion in an initial public offering.

Shares of the consumer intelligence data firm closed at $19.01 each on Wednesday in New York, below the IPO price of $21 apiece. The offering of 50 million shares was marketed in a range of $20 to $24 each.

The trading gives the former consumer intelligence unit of Nielsen Holdings a market value of $5.6 billion based on the outstanding shares listed in its filings.

NIQ’s offering adds to the US IPO market’s rebound this year after a mid-year slump. There has ...