[Special Stock] Winners Soars 200% on First Day of KOSDAQ Listing

Winners, a specialized wiring device company, is soaring over 200% on its first day listed on KOSDAQ.

As of 9:02 AM on the 24th, Winners' stock is trading at 25,500 KRW, up 200% from the public offering price of 8,500 KRW.

Winners, which was listed on the KOSDAQ market today, was established in 2004 and supplies wiring devices such as switches and outlets, multi-outlets, and other communication devices. Recently, the company has been expanding its business into electric vehicle charging-related products. In 2023, it recorded annual sales of 27.6 billion KRW and operating profit of 3.45 billion KRW, with an operating profit margin of 12.5%. The sales composition was 38.9% wiring devices, 43.0% multi-taps, 7.1% smart wiring, and 0.7% electric chargers. In the third quarter of 2024, it posted sales of 19.7 billion KRW and operating profit of 2.1 billion KRW, with an operating profit margin of 10.7%.

Winners conducted a public offering subscription for general investors over two days, from the 13th to the 14th, achieving a competition rate of 1,747.74 to 1. A total of 147,477 subscriptions were received from general investors, and the deposit, which is half of the subscription amount, was approximately 3.1569 trillion KRW. Prior to this, during the demand forecast held from the 4th to the 10th, a total of 2,163 domestic and foreign institutional investors participated, recording a competition rate of 1,155.04 to 1. The final public offering price was set at 8,500 KRW, the upper limit of the desired offering range.

This content was produced with the assistance of AI translation services.