[Featured Stock] Sanil Jeon-gi Soars 24% on First Day of KOSPI Listing
Sanil Electric, which entered the Korea Composite Stock Price Index (KOSPI), is rising more than 24% on its first day of listing.
![[Featured Stock] Sanil Jeon-gi Soars 24% on First Day of KOSPI Listing](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 9:58 a.m. on the 29th, Sanil Electric is trading at 43,550 KRW, up 24.43% (8,550 KRW) from the previous trading day.
Sanil Electric is engaged in the manufacturing and sales of power equipment such as special transformers and reactors. Its major clients include General Electric (GE), Toshiba & Mitsubishi (TMEIC), among others.
Earlier, Sanil Electric recorded a competition rate of 413.86 to 1 in the institutional demand forecast, setting the public offering price at 35,000 KRW, exceeding the upper limit of the expected price band (24,000 KRW to 30,000 KRW).
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In the subscription for general investors, it recorded a competition rate of 423.09 to 1.
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