[Featured Stock] Doosan Robotics, 100%↑ from IPO Price... Strong Performance on First Day of Listing

[Image source=Yonhap News]

The stock price of Doosan Robotics, a robot manufacturing specialist, rose more than 100% compared to the public offering price on its first day of listing.

As of 9:23 a.m. on the 5th, Doosan Robotics was trading at 52,500 KRW, up 101.92% from the public offering price of 26,000 KRW. During the session, it rose as high as 67,600 KRW but then declined.

Founded in 2015, Doosan Robotics is a Doosan-affiliated company specializing in robot manufacturing. Its main products are collaborative robots such as robots operating unmanned cafes. Collaborative robots are designed to work in the same space as humans and physically interact with them.

During the five-day institutional investor demand forecast held until the 15th, a total of 1,920 institutions participated, recording a competition rate of 272 to 1. The public offering price was set at the top end of the desired range (21,000 to 26,000 KRW) at 26,000 KRW.

A total of 1,496,346 general subscriptions were received, with subscription deposits amounting to 33.1093 trillion KRW, marking the highest this year.

Meanwhile, stocks newly listed since June 26 can see their prices rise up to four times the public offering price on the first day of listing.

This content was produced with the assistance of AI translation services.