[Featured Stock] WCP Plummets 16% on First Day of Market Entry...
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2022090109584117609_1661993920.jpg)
[Asia Economy Reporter Ji Yeon-jin] WCP is experiencing a sharp decline on its first day listed on the KOSDAQ on the 30th.
As of 10 a.m. that day, WCP was trading at 45,100 KRW, down 8,900 KRW (16.48%) from the opening price of 54,000 KRW.
The company is the second-largest domestic manufacturer in the secondary battery separator sector and attracted attention in the IPO market with a corporate value estimated around 3 trillion KRW.
Hot Picks Today
![About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]](https://cwcontent.asiae.co.kr/asiaresize/93/2026051416263163580_1778743590.jpg)
About 100 Trillion Won at Stake... "Samsung Strike Is an Unprecedented Opportunity" as Prices Surge 20% [Taiwan Chip Column]
- 'Still Hesitant? If You're Wondering Whether KOSPI Will Rise, This Is the Number You Must Watch [Weekend Money]'
- "Heading for 2 Million Won": The Company the Securities Industry Says Not to Doubt [Weekend Money]
- "Anyone Who Visited the Room Salon, Come Forward"… Gangnam Police Station Launches Full Staff Investigation After New Scandal
- Did Samsung and SK hynix Rise Too Much?... Foreign Assets Grow Despite Selling [Weekend Money]
During the two-day general subscription period starting on the 20th, the subscription competition rate was 7.25 to 1. Subscription deposits totaled 391.5 billion KRW, with a total of 68,486 subscription applications. In the institutional demand forecast, the public offering price was set at 60,000 KRW, 25% below the lower end of the expected range (80,000 to 100,000 KRW).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
