[Featured Stock] Millie's Library, 123% Increase from IPO Price on First Day of Listing

Millieoseoje, an e-book platform company, rose to the 51,000 won range on its first day of listing.

As of 9:30 a.m. on the 27th, Millieoseoje is trading at 51,400 won, up 123.48% from the public offering price of 23,000 won.

Founded in 2016, Millieoseoje is a publishing-specialized company providing e-book subscription services. After withdrawing its initial public offering last November due to market conditions that made it difficult to properly evaluate its corporate value, it resumed its listing efforts this year and entered the KOSDAQ market.

In the demand forecast for institutional investors, it showed a competition rate of 619.24 to 1, and the public offering price was set at the top end of the desired range of 20,000 to 23,000 won, at 23,000 won. In the public subscription, it recorded a competition rate of 449.56 to 1, with 1.9 trillion won in deposits collected.

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