Surf Air Mobility shares slump 75% in NYSE debut

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Key Points

July 27 (Reuters) - Electric aviation and regional air travel company Surf Air Mobility (SRFM.N) shares slumped 75% below their reference price in a direct listing on Thursday...

Shares debuted on the New York Stock Exchange at $5 per share below its reference price of $20...

Unlike an initial public offering, in a direct listing shares are not sold in advance..

Cryptocurrency exchange Coinbase Global (COIN.O) and workplace communication software Slack Technologies also went public through direct listings..

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