[Special Stock] Krafton Fluctuates After Opening Below IPO Price

[Asia Economy Reporter Song Hwajeong] Krafton, which was newly listed on the KOSPI on the 10th, has shown fluctuating stock prices after starting at a level lower than the public offering price.

As of 9:13 a.m. on the same day, Krafton was trading at 451,000 won, up 2,500 won (0.56%) from the opening price. Krafton's opening price was set at 448,500 won, 11% lower than the public offering price of 498,000 won. After showing a weak trend, it turned upward and showed a strong gain of over 4%, but then the increase narrowed again. It turned weak, then quickly turned upward again and is currently showing a firm upward trend. The stock price fluctuated between a low of 400,500 won and a high of 480,000 won during the day.

Krafton, which was considered a major IPO candidate early on, failed to attract enthusiasm in demand forecasting and general subscription due to overvaluation controversies.

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