[Featured Stock] Vurnect Shows 'Strong Performance' on KOSDAQ Debut Day
Vernect is showing strong performance on its first day of listing on KOSDAQ.
As of 9:33 AM on the 26th, Vernect was trading at 19,200 KRW, up 3,200 KRW (20.00%) from the public offering price of 16,000 KRW.
Vernect was established in 2016. It is an industrial XR (Extended Reality) company that develops and provides its proprietary core technology called Track. Based on the computer vision engine Track, it offers various industrial XR solutions including Remote, Make, View, and Twin.
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Previously, in the demand forecast for institutional investors, it recorded a competition rate of 1,520.08 to 1. The public offering price was set at 16,000 KRW, exceeding the upper limit of the expected range (11,500 to 13,600 KRW). In the public subscription for general investors, it also recorded a high competition rate of 1,311.65 to 1.
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