[Featured Stock] 'KOSDAQ Debut' Asems Shows Strong Performance from First Day of Listing
[Asia Economy Reporter Myunghwan Lee] Asems is showing strong performance from the early hours on the first day of its KOSDAQ listing on the 7th.
As of 10:30 AM on the 7th, Asems is trading at 17,150 KRW, up 7.19% from the opening price of 16,000 KRW. The opening price was set at twice the public offering price of 8,000 KRW, and the stock has been on an upward trend since.
Asems, established in 2003, is a manufacturer of plastic products, primarily producing film-type adhesives and other related products.
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Previously, during the demand forecast for institutional investors held on the 17th and 18th of last month, Asems recorded a competition rate of 1,618.3 to 1. The public offering price was finalized at 8,000 KRW, the top end of the desired price band.
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