[Featured Stock] Noeul, First Day on KOSDAQ... Slightly Above IPO Price

[Asia Economy Reporter Lee Seon-ae] Noeul is showing a slight upward trend compared to the public offering price on its first day of listing on KOSDAQ. After recording an opening price lower than the public offering price, it switched to an upward trend.

As of 10:20 a.m. on the 3rd, Noeul is trading at 10,600 won, up 9.62% from the opening price. The opening price was set at 9,670 won, 3.3% lower than the public offering price.

Previously, Noeul recorded a competition rate of 31.5 to 1 with a total of 163 institutions participating in the demand forecast. The public offering price was decided at 10,000 won, below the desired public offering price range (13,000 won to 17,000 won). In the general subscription for public shares, it failed to attract interest, recording a competition rate of 8.7 to 1.

Founded in 2015, Noeul developed the miLab platform, which diagnoses diseases by analyzing blood and tissue cells based on embedded artificial intelligence (AI) technology and core technologies. miLab is a compact device portable enough to carry, implementing a micro-level diagnostic testing process. By adding artificial intelligence, it guarantees diagnostic accuracy at the level of experts in large hospitals.

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