[Featured Stock] Yuracle, 38% Increase from IPO Price on First Day of KOSDAQ Listing

Uracle is recording a nearly 40% increase compared to the public offering price on its first day entering the KOSDAQ.

As of 11:15 a.m. on the 16th, Uracle was trading at 29,000 won, up 8,000 won (38.10%) from the public offering price of 21,000 won.

Uracle was established in 2001. It provides mobile app development, operation, and maintenance services optimized for enterprises. Its flagship product is the mobile app development platform 'Morpheus,' which has over 1,000 clients including Hyundai Motor Group, LG, and SK. Last year, its sales revenue was 45.74595 billion won, and operating profit was 3.09992 billion won.

In the demand forecast for institutional investors, it recorded a competition rate of 1,065.8 to 1, confirming the public offering price at the upper end of the desired range (18,000 won to 21,000 won) at 21,000 won. In the public subscription for general investors, it recorded a competition rate of 1,080.44 to 1, with approximately 2.13 trillion won in subscription deposits collected.

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