Share trading in property company Blackrock International Land began on Dublin's IEX and London's AIM markets this morning.
Blackrock was spun off from fruit distributor Fyffes and has a portfolio of 30 properties worth around €200m.
Fyffes shareholders will have a 60% stake in Blackrock, with Fyffes holding the remainder.
Shares in the company closed two cent lower at 40 cent in Dublin this evening, after its first day of trade.