Kakao Games Stops Its Limit-Up Streak Three Days After Listing

During trading, it surged to 89,100 won but also fell to 78,000 won

[Asia Economy Reporter Geum Bo-ryeong] On the 14th, Kakao Games stopped its streak of hitting the upper price limit after its listing. It was three days after the listing.

At 9:52 a.m. that day, Kakao Games' stock price was 85,000 won, down 0.74% (600 won) from the previous session. Compared to the public offering price of 24,000 won, it still exceeded 3.3 times.

Kakao Games' stock price soared to 89,100 won at one point during the session but then declined to as low as 78,000 won.

At the same time, the market capitalization was about 5.9 trillion won, maintaining its 3rd place in the KOSDAQ market.

Kakao Games entered the KOSDAQ market with a so-called 'ttasang' by rising to 62,400 won, the upper price limit, after starting at twice the public offering price on the 10th. It also closed at the upper price limit on the next day, the 11th.

Considered a major IPO in the second half of this year, Kakao Games reflected the hot subscription fever with a deposit amount reaching about 58 trillion won.

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