[Market Focus] Meatbox Global Trades Weaker Than IPO Price

Meatbox Global, which made its debut on the domestic stock market for the first time this year, is currently trading below its IPO price.

As of 9:11 a.m. on January 23, Meatbox Global was trading at 16,700 won, down 12.11% from its IPO price.

Meatbox Global, a B2B online platform specializing in direct livestock product transactions, was founded in 2014. The company moved the complex distribution structure of livestock products onto an online platform, enabling direct transactions. By reducing distribution stages and cutting costs, the company has been experiencing growth.

Previously, from January 2 to January 8, Meatbox Global conducted a book-building process for domestic institutional investors. As a result, a total of 1,988 institutions participated, recording a competition ratio of 850.0 to 1. The IPO price was set at 19,000 won.

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