[Featured Stock] Bitnine Shows Weakness on First Day of Listing... Surpasses IPO Price
[Asia Economy Reporter Song Hwajeong] Bitnine is showing a weak performance on its first day of listing.
As of 9:15 AM on the 10th, Bitnine was trading at 12,800 KRW, down 2,450 KRW (16.07%) from the opening price. The opening price was set at 15,250 KRW, approximately 39% higher than the public offering price of 11,000 KRW.
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Bitnine is a company that developed a hybrid database management system (DBMS) combining relational databases and graph databases. It recorded a competition rate of 1,662 to 1 in the demand forecast, followed by a competition rate of 590 to 1 in the general public subscription held on the 1st and 2nd.
This content was produced with the assistance of AI translation services.
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