[Featured Stock] Shift Up Soars Over 30% on First Day of KOSPI Listing
Shift Up is showing a strong performance with a 30% gain on its first day listed on the KOSPI market.
As of 9:11 a.m. on the 11th, Shift Up is trading at 80,800 KRW, up 20,800 KRW (34.67%) from its IPO price of 60,000 KRW. With a market capitalization of 4.6885 trillion KRW, it ranks third in market cap among game stocks, following Krafton and Netmarble.
The game developer Shift Up has been regarded as a major IPO in the second half of this year. Its representative games include 'Goddess of Victory: NIKKE' and 'Stella Blade,' and it recorded operating revenue of 168.6 billion KRW and net profit of 106.7 billion KRW last year.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Lee Hyo-jin, a researcher at Meritz Securities, said, "NIKKE and Stella Blade have achieved success in mobile and console platforms respectively, and the Western market share is estimated to be one-quarter and two-thirds respectively, making it possible to apply a global valuation. The stock price trend after Shift Up's listing will determine the direction of the industry."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
