[Featured Stock] Susan Industry, 5% Up on Second Day After Listing... IPO Price Recovery Not Yet

[Asia Economy Reporter Minji Lee] Susan Industry is showing a 5% intraday increase on the second day of its listing.

At 10 a.m. on the 2nd, Susan Industry was trading at 34,300 KRW, up 5.54% from the previous trading day. On this day, the stock price rose to as high as 34,700 KRW during trading. The previous day, the company opened at 33,000 KRW but experienced a downward trend during the day, closing at 32,500 KRW. Although there was a strong upward trend from the beginning of trading today, the price has not surpassed the public offering price of 35,000 KRW.

Susan Industry is the second company this year to challenge a KOSPI listing after LG Energy Solution. Established in 1983, it is a comprehensive maintenance service company for power plants, enhancing the operation rate and preventing unexpected shutdowns of various power plants including nuclear, thermal, and renewable energy facilities. In the first quarter of this year, on a consolidated basis, the company posted sales of 67 billion KRW and an operating profit of 13 billion KRW, representing increases of 2.1% and 36.8%, respectively, compared to the same period last year.

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