The Kaohsiung-based bulker and cargoship company listed for the first time on Thursday.
The shares reached a high of TWD 14.70 ($0.48), but closed at TWD 13.15, up a little from its listing price of TWD 13.
It outperformed the GRETAI Securities Market index, which dropped 1.47%, but was still lower than market expectations following drops in the Baltic Dry Index, the Taipei Times reported.
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