Donald Trump Jr.-backed GrabAGun's shares slipped 22% on Thursday, deepening their post-debut slide and highlighting the degree of investor scrutiny even newly listed companies with high-profile backers are being subjected to.

Trump Jr. is a board member, shareholder and adviser for GrabAGun and rang the opening bell at the NYSE as the company went public.

GrabAGun stock tumbles after listing on the New York Stock Exchange on Thursday. Here’s why it’s not worth buying the dip in PEW shares.