[Featured Stock] Seonjin Beauty Science Surges for Second Day After First-Day Double-Price Jump

[Asia Economy Reporter Lim Jeong-su] Sunjin Beauty Science, a newly listed KOSDAQ company, has been soaring for the second consecutive day after hitting "ttasang" (opening at twice the IPO price and then reaching the daily upper limit on the first day of listing).

As of 9:45 AM on the 28th, Sunjin Beauty Science is trading at 36,450 KRW, up 21.91%. After initially hitting the daily upper limit price of 37,600 KRW, the stock corrected down to 33,000 KRW before climbing again.

Sunjin Beauty Science manufactures cosmetic raw materials used in sunscreen, color cosmetics, and skincare products, supplying global companies. It counts top-tier cosmetic companies such as L'Or?al and Chanel among its clients. More than 70% of its sales come from exports.

As of the end of Q3 last year, the company recorded consolidated sales of 35.7 billion KRW and operating profit of 3.6 billion KRW. Over the past three years, it has consistently posted annual sales of around 46 to 47 billion KRW and operating profits in the 7 billion KRW range.

The competition rate for securing shares during the IPO was also very high. During the public offering subscription on the 18th and 19th, the subscription competition rate reached 1,984.1 to 1. Approximately 4.1846 trillion KRW in deposits were collected.

Earlier, in the demand forecast for institutional investors conducted on the 12th and 13th, a high competition rate of 1,431.28 to 1 was recorded. Through the demand forecast, the IPO price was set at 15,000 KRW, the highest end of the company's proposed price range.

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