[Featured Stock] Gongguwoman Rises for Second Day on No-Additional-Share News... Up 416% from IPO Price

[Asia Economy Reporter Minji Lee] Gonggu Woman surged to the upper limit price on the good news of a free capital increase.

According to the Korea Exchange at 9:49 a.m. on the 15th, Gonggu Woman was traded at 103,300 won, up 29.94% (upper limit price) compared to the previous trading day. On that day, the stock price went straight to the upper limit price after the market opened, marking a six consecutive trading day rise.

Gonggu Woman was listed on the KOSDAQ market on March 23. Although it showed a sluggish performance in demand forecasting and was listed at 20,000 won, lower than the expected band of 26,000 won to 31,000 won, the current stock price level has surged 416% compared to the public offering price.

The stock price has recently shown a sharp rise on news of a free capital increase issuing 5 new shares per 1 existing share. The record date for new share allocation is the 30th, and the scheduled listing date is the 18th. The par value per new share issued through the free capital increase is 100 won, and the issuance volume is 18,360,500 shares.

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