multi ways holdings ltd shares were down for the second day in a row dropping 25 to 426 the shares rose on their debut on the nyse american on monday opening at 305 and reaching 1633 before closing at 887 the singaporebased company which rents and sells heavy construction equipment priced its initial public offering of 724 million ordinary shares at 250 apiece the offering is expected to close wednesday on tuesday the stock gave up its gains trading between 435 and 1240 before closing at 565