[Featured Stock] Apro Surges 28% Above Opening Price on First Day of Listing

[Asia Economy Reporter Geum Bo-ryeong] The secondary battery equipment manufacturing company 'Apro' is showing a sharp rise from the first day of its listing.

According to the Korea Exchange on the 16th, as of 9:17 a.m., Apro's stock price recorded 55,400 won, up 28.24% (12,200 won) from the opening price (43,200 won).

Apro is a company focusing on manufacturing activation process equipment, which can be considered the core of secondary batteries. The activation process refers to charging and discharging the assembled battery by passing a small electric current through it so that the cathode and anode acquire electrical characteristics.

Apro conducted a demand forecast for institutional investors on the 2nd and 3rd, recording a competition rate of 1,090.8 to 1. The public offering price was set at 21,600 won, the top end of the desired band (19,000 to 21,600 won).

In the general subscription held on the 8th and 9th, the competition rate was 1,583 to 1. Approximately 4.7 trillion won was gathered as subscription deposits.

This content was produced with the assistance of AI translation services.