[Featured Stock] Jeju Maekju Shows Strong Performance on First Day of Listing... 85%↑ Compared to IPO Price
[Asia Economy Reporter Jang Hyowon] Jeju Beer is showing an upward trend, soaring well above the public offering price on its first day of listing.
As of 9:21 AM on the 26th, Jeju Beer is trading at 5,930 KRW, up 24.48% from the opening price. This is 85% higher than the public offering price. Jeju Beer's opening price was set at 4,780 KRW, approximately 49% higher than the public offering price of 3,200 KRW.
Jeju Beer is a craft beer manufacturing and sales company established in 2015. Through a strategic partnership with the American company 'Brooklyn Brewery,' it has introduced world-class brewing facilities to produce premium craft beer. It has released beers such as 'Jeju Wit Ale,' 'Jeju Pelong Ale,' and 'Jeju Slice.'
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Jeju Beer entered the KOSDAQ market with the listing of Tesla (unrealized profit). During the subscription held on the 13th and 14th, it recorded a competition rate of 1,748.25 to 1, marking the highest subscription competition rate among Tesla-listed companies.
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