Asian fintech firm MoneyHero saw its shares fall on its first day of trading on the Nasdaq after completing its merger with special purpose acquisition company Bridgetown Holdings. MoneyHero's new US shares opened at around $5.39 but quickly dropped to roughly $3.39. The company plans to use the proceeds of up to $100m to further accelerate growth in the digital distribution of financial products in Southeast Asia. MoneyHero operates online financial comparison platforms across five markets and currently works with 270 financial institutions. The firm posted $68.1m in revenue for 2022 and aims to continue investing in future growth.

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