WiseTech Global shares fell more than 10% to a two-week low.
The drop followed confirmation that the Australian Competition and Consumer Commission (ACCC) executed a search warrant at the company’s offices.
Regulators are investigating potential breaches of competition law involving global logistics services and software.
WiseTech stated it intends to cooperate fully with the ACCC investigation.
Specific allegations remain undisclosed, though the raid increases scrutiny on the logistics software provider.