'2022 Rookie Stocks' That Withstood the Stock Market Cold Spell

Auto& Hits Upper Limit Two Days in a Row · K-Auction Opens at Double Price... LG Energy Solution Also Raises Expectations

[Asia Economy Reporter Song Hwajeong] Despite the unfavorable stock market conditions, all the stocks, including Auto& that opened the door to IPOs this year, showed a favorable stock price trend. Expectations for the strong stock price of LG Energy Solution, which will be listed on the KOSPI on the 27th, are also growing.

As of 9:20 a.m. on the 24th, K Auction recorded 52,000 won, up 12,000 won (30%) from the opening price. K Auction, which was listed that day, formed its opening price at 40,000 won, double the public offering price (20,000 won), and soared to the upper limit price, recording the first “Ttah-sang (opening price formed at double the public offering price followed by the upper limit price)” of the year.

Adbiotech, which moved from KONEX to KOSDAQ on the same day, showed an 8.77% rise from the opening price. Adbiotech’s opening price was formed at 6,730 won, 3.86% lower than the public offering price (7,000 won), but it rose sharply afterward, surpassing the public offering price.

Auto&, which entered KOSDAQ on the 20th and became the first rookie stock of the year, recorded the upper limit price for two consecutive days and showed a strong rise of over 5% on this day, continuing its upward trend for the third day. Auto&, with a public offering price of 5,300 won, formed an opening price at 8,800 won and recorded the upper limit price for two consecutive days, pushing the stock price into the 15,000 won range. During the day, it rose to as high as 17,450 won.

Even as the stock market continues to show a sluggish trend, newly listed stocks this year have started off positively, increasing expectations for LG Energy Solution, which will be listed on the 27th. LG Energy Solution, which has been breaking IPO records one after another even before listing and showing the characteristics of a historic big fish, could see its stock price rise to as high as 780,000 won, 160% of the public offering price (300,000 won), if it succeeds in “Ttah-sang” on the first day of listing. In this case, its market capitalization would reach 182.5 trillion won, surpassing SK Hynix to rank second. Kim Kwanghyun, a researcher at Yuanta Securities, said, “The distortion of supply and demand for LG Energy Solution is so severe that no prediction is possible. If it succeeds in Ttah-sang on the first day and the lock-up phenomenon intensifies, the possibility of additional sharp rises accompanied by so-called ‘Jjeom-sang (upper limit price immediately after opening)’ is open. On the other hand, if most of the foreign shares without first-day lock-up are released and trading occurs at a level that funds requiring response can handle, then nothing including the first-day Ttah-sang will happen.”

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