[Special Stock] Myungshin Industry Records 'Ttah-sang' on First Day of Listing

[Asia Economy Reporter Geum Bo-ryeong] Myungshin Industry, which showed the highest competition rate in KOSPI history, achieved the so-called 'Ttah-sang' on its first day of listing.

At 9:47 a.m. on the 7th, Myungshin Industry recorded 16,900 won, up 30% (3,900 won) from the opening price of 13,000 won. The public offering price of Myungshin Industry was 6,500 won. 'Ttah-sang' means forming the opening price at twice the public offering price and then hitting the upper price limit.

Myungshin Industry set a new record in KOSPI history with a final competition rate of 1,372.94 to 1 in the public subscription for general investors. More than 14 trillion won was raised in deposits alone.

Myungshin Industry, a manufacturer of automotive parts, produces various automotive exterior parts using the 'hot stamping method.'

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