[Featured Stock] MOT, 20% Drop on First Day of KOSDAQ Listing
Secondary battery assembly equipment manufacturer MOT is experiencing a drop of over 20% on its first day listed on the KOSDAQ.
![[Featured Stock] MOT, 20% Drop on First Day of KOSDAQ Listing](http://www.asiae.co.kr/news/img_view.htm?img=2024102409305871420_1729729858.jpg)
As of 3:18 PM on the 18th, MOT was trading at 7,780 KRW, down 2,220 KRW (22.20%) from the previous trading day.
MOT primarily develops, manufactures, and sells automation equipment for secondary battery production. The secondary battery manufacturing process is broadly divided into electrode processing, assembly processing, and activation processing. MOT focuses on the assembly process, which requires customization technology tailored to cell specifications.
Last year, the company recorded sales of 73.7 billion KRW and an operating profit of 4.3 billion KRW. In the first half of this year, sales and operating profit were 51.6 billion KRW and 2.7 billion KRW, respectively.
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In the demand forecast for institutional investors, the public offering price was set at 10,000 KRW, below the expected range of 12,000 to 14,000 KRW.
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