
Lobbying firm Public Policy Holding's PPHC.O shares fall below IPO price in Nasdaq debut
Stock opened for trading at $12.19 apiece, valuing the firm at $347.8 million
PPHC and some of its backers sold 4.15 million shares at $12.25 apiece in U.S. IPO to raise roughly $50.8 million
Stock fell as low as $11.69, last down 2.2% at 11.97
Oppenheimer and Canaccord Genuity were lead bookrunning managers for offering
PPHC already trades on the AIM market of the London Stock Exchange
Its portfolio of lobbying firms includes Crossroads Strategies and Forbes Tate Partners