Haydale considers to sue its broker following a share price drop of over 28% since the IPO

On April 14, Haydale went public last week and raised £6.6 ($11 million). Now it is reported that Haydale is considering to sue its broker (Hume Capital Securities) after it "temporarily" dropped all of its market-making activities on IPO day.

At the open of the trading session on that day was 225 pence per share. Since the IPO the shares dropped over 28% (to 160 pence). On the first trading day the share dropped 15%.