By Manya Saini (Reuters) -Firefly Aerospace shares fell 11% in morning trading on Friday, in what was perceived as a normal market swing, but the space tech firm's robust debut highlighted renewed investor appetite for high-growth listings.

Shares of Firefly Aerospace (NASDAQ:FLY) slid 8% in premarket trading on Friday, dropping to $55.80 as the space technology firm faced typical market volatility after a robust initial public offering.

Firefly Aerospace made a powerful entrance to the public markets on Thursday, surging more than 50% in its Nasdaq debut. Trading under the ticker symbol FLY, the stock opened at $70 per share, significantly above its IPO price of $45.