Kakao Games Hits 'Ttasangsang'... Rises to 3rd Place in KOSDAQ Market Cap
[Asia Economy Reporter Koh Hyung-kwang] Kakao Games has recorded the so-called 'Ttassang-sang,' rising to 3rd place in the KOSDAQ market capitalization rankings. Ttassang-sang refers to the stock price hitting the upper limit for two consecutive trading days after listing.
As of 9:22 a.m. on the 11th, Kakao Games was trading at 81,100 KRW, up 29.9% from the previous trading day on the KOSDAQ market. Its market capitalization rose to 5.9369 trillion KRW, ranking 3rd overall in the KOSDAQ market capitalization.
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Starting at the public offering price of 24,000 KRW the previous day, Kakao Games opened the market at 48,000 KRW, twice the public offering price, and immediately hit the upper limit price, recording 'Ttassang' (double the public offering price followed by the upper limit). Today, it rose again to the upper limit price, pushing the stock price to 81,100 KRW within two trading days.
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