[Featured Stock] Angel Robotics Soars Over 140% on First Day of Listing

48,000 KRW, 140% Above IPO Price
Market Cap Around 700 Billion KRW
Company Funded by LG Electronics

Robot specialist company Angel Robotics is showing strong performance on its first day listed on KOSDAQ.

As of 9:18 AM on the 26th, Angel Robotics is trading at 48,000 KRW, up 28,000 KRW (140%) from the public offering price of 20,000 KRW. Its market capitalization is around 670 billion KRW. The price limit range applied to Angel Robotics on this day is between 12,000 KRW and 80,000 KRW.

Previously, Angel Robotics set its public offering price at 20,000 KRW, exceeding the upper limit of the expected price range (11,000 KRW to 15,000 KRW) during the demand forecast for institutional investors. In the subscription for general investors, it recorded a competition rate of 2,242 to 1, gathering approximately 9 trillion KRW in subscription deposits.

Angel Robotics is a wearable robot startup jointly founded in 2017 by Professor Gong Kyung-cheol of KAIST's Department of Mechanical Engineering and specialist Na Dong-wook of Severance Rehabilitation Hospital. The company develops a wide range of products, including exoskeleton robots for lower limb paralysis patients as well as easily wearable garment-type robot suits. During its founding process, it was recognized for its technological capabilities and attracted seed investment from LG Electronics. After listing, Angel Robotics plans to enhance its research and development (R&D) competitiveness, expand marketing, and strengthen global partnerships to target the global market.

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