[Featured Stock] Giant Step Hits 'Double-Price Jump' on KOSDAQ Debut... "A Company Capable of Creating Immersive Content"

[Asia Economy Reporter Hyunseok Yoo] Giantstep, a company specializing in visual effects (VFX) and creative technology, recorded a 'ttasang' (opening price set at twice the public offering price followed by the upper price limit) on its first day of listing on KOSDAQ.

As of 9:26 a.m. on the 24th, Giantstep's stock price rose 30% (6,600 KRW) from the opening price of 22,000 KRW to 28,600 KRW.

Founded in 2008, Giantstep has grown based on VFX technology in the advertising content sector. Recently, it expanded its business area to 'real-time content solutions' by utilizing an artificial intelligence (AI)-based real-time engine. Additionally, it is the only company in the domestic content industry to have registered five patents related to 'virtual humans' developed in-house, demonstrating its technological capabilities.

During the demand forecast for institutional investors held on the 9th and 10th, the competition rate reached 1,691.65 to 1. Subsequently, in the subscription held on the 15th and 16th, the competition rate was 2,342 to 1. Applications for 819.7 million shares were submitted for 350,000 shares offered, with deposits amounting to approximately 4.5083 trillion KRW.

Minha Choi, a researcher at Samsung Securities, stated in a report on the 23rd, "The digital content and immersive content markets, which are the front industries, are showing explosive growth," and analyzed, "This company has secured technological capabilities to well implement immersive content, which is the core of the metaverse."

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