Roots Shares Plunge in Trading Debut

Canadian retailer Roots Corp. launched an initial public offering of its shares on Oct. 25, 2017. The Canadian Press/Chris Young

TORONTO—Shares of retailer Roots Corp. had a less-than-stellar initial public offering, plummeting more than 16 percent on the stock’s first day of trading.

The stock was priced at $12 per share at market open, but quickly fell to a low of $9.48 by early afternoon.