The much-touted Fairfax Media Limited (ASX: FXJ) spinoff of its real estate advertising arm, Domain Holdings Australia Ltd (ASX: DHG), caused significant excitement but has so far failed to live up to expectations.
Domain shares were trading at as high as $3.69 when the company hit the boards last month.
But the Domain share price has come down to $3.39, shedding about 8 per cent in less than a month.
Although it’s early days for Domain, the decline would not come as good news for shareholders, including major investors.
On the other hand, the dip may provide new investors with an opportunity.
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