[Featured Stock] Samsung Must SPAC 5 Hits 'Double Up' on First Day of Listing

[Asia Economy Reporter Ji Yeon-jin] Samsung Must SPAC 5 successfully achieved a "Ttah-sang" (opening price formed at twice the public offering price followed by the upper price limit) on its first day of listing.

On the 17th, Samsung Must SPAC 5 quickly rose 30% from the opening price to 5,200 KRW within just three minutes of market opening. The opening price was set at 4,000 KRW, which is twice the SPAC base price of 2,000 KRW.

Previously, the subscription competition rate for Samsung Must SPAC 5, conducted over two days from the 8th to the 9th, recorded 908.5 to 1. The final subscription quantity reached 980,554,910 shares, with subscription deposits amounting to approximately 1.9611 trillion KRW. Compared to the average public offering subscription competition rate of only 3.14 to 1 for 19 SPACs listed last year, this is interpreted as a successful reception.

During the institutional demand forecast held on the 3rd and 4th, the competition rate was 729.6 to 1. While most SPACs do not require lock-up commitments, Samsung Must SPAC 5 received lock-up commitment applications accounting for 7% of total participation cases.

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