[Featured Stock] Socar Faces 'Humiliation' as KOSPI Debut Falls Below IPO Price
[Asia Economy Reporter Kwon Jae-hee] On the 22nd, Socar, a car-sharing company that entered the KOSPI market, is continuing a sluggish stock price trend from the first day of listing following a disappointing public offering.
As of 9:06 AM, Socar is trading at 27,650 KRW, down 1.25%. The price initially dropped to 27,150 KRW but then narrowed the decline.
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Originally, Socar's public offering price band was 34,000 KRW to 45,000 KRW, but after failing to attract interest in the institutional demand forecast, the public offering price was discounted to 28,000 KRW, yet it is trading below the offering price.
This content was produced with the assistance of AI translation services.
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