[Featured Stock] Innodep Falls 12% on First Day of Listing... Exceeds IPO Price
[Asia Economy Reporter Park Jihwan] AI-based security platform company Innodep is struggling to avoid a decline on its first day listed on KOSDAQ.
As of 10:17 AM on the 18th, Innodep is trading at 19,950 KRW, down 2,650 KRW (11.94%) from the opening price. This is slightly above the public offering price of 18,000 KRW.
Innodep, established in January 2008, is a specialized AI-based security platform company. Its main business includes video recognition and data platform solution services.
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In the demand forecast for institutional investors conducted earlier, it showed a competition rate of 1,573.93 to 1. The public subscription for general investors recorded a competition rate of 692.12 to 1.
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