[Featured Stock] Wise I Tech Declines on First Day of KOSDAQ Transfer Listing... Exceeds IPO Price
![[Featured Stock] Wise I Tech Declines on First Day of KOSDAQ Transfer Listing... Exceeds IPO Price](http://www.asiae.co.kr/news/img_view.htm?img=2020021009142849031_1581293668.jpg)
[Asia Economy Reporter Eunmo Koo] Wisetec is showing a decline on its first day of transfer listing from the KONEX market to the KOSDAQ market. However, the offering price is still being exceeded.
As of 9:25 a.m. on the 10th, Wisetec was trading at 13,550 KRW, down 2.16% (350 KRW) from the opening price of 13,900 KRW.
Wisetec is a software company specializing in data quality and big data analysis based on machine learning. It was listed on the KONEX market in April 2018 and transferred to the KOSDAQ market on this day.
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Earlier, on the 28th of last month, Wisetec set its offering price at 12,000 KRW, exceeding the top of the public offering band (10,000 to 11,200 KRW) based on the demand forecast results for institutional investors. The total public offering amount is 10.2 billion KRW.
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