[Featured Stock] Posbank Rises for Second Day... Surpasses IPO Price by 61%

Posbank, which was listed on the KOSDAQ market the previous day, is continuing its soaring run on the second day of listing.

As of 9:13 AM on the 30th, Posbank is trading at 29,000 KRW, up 5,650 KRW (24.2%) compared to the previous closing price. This is 11,000 KRW (61.1%) higher than the public offering price of 18,000 KRW.

Earlier, Posbank recorded a competition rate of 839.03 to 1 in the demand forecast for institutional investors, setting the public offering price at 18,000 KRW, exceeding the upper limit of the expected price band (13,000 KRW to 15,000 KRW).

Posbank is a company specializing in the development and manufacturing of POS and kiosks, having established a partner network of over 200 companies in 80 countries worldwide, including South Korea. Posbank plans to use the public offering funds to expand and automate its production lines, establish a new Surface Mount Technology (SMT) line, and develop new products.

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