[Market Focus] Innotech Achieves "Ttattabul" on First Day of KOSDAQ Listing

On its first day of listing on the KOSDAQ, Innotech saw a sharp surge, achieving a "Tta-Tta-Ble" (a fourfold increase from its IPO price).

The Korea Exchange KOSDAQ Market Division held a listing ceremony for Innotech, a specialized company in complex reliability environmental testing equipment, at 9 a.m. on the 7th in the PR center of its Seoul headquarters.

As of 9:20 a.m. on November 7, Innotech was trading at 56,900 won, up 42,200 won (287.07%) from its IPO price of 14,700 won. After the market opened, the price soared as high as 58,800 won, a 300% increase.

Innotech finalized its IPO price at the upper end of the desired range (12,900 to 14,700 won) at 14,700 won, after recording a competition rate of 1,072 to 1 in institutional investor demand forecasting conducted from October 16 to 22. Subsequently, during the public subscription held on October 27 and 28, it recorded a high competition rate of 2,427.23 to 1. The subscription deposits amounted to approximately 7.8496 trillion won.

Founded in 2013, Innotech is a specialized company focused on the development and manufacturing of reliability environmental testing equipment and special testing equipment. Complex reliability environmental testing equipment is a core facility used to verify whether electronic products and components experience performance degradation or defects under harsh conditions such as temperature, humidity, vibration, and vacuum. These devices play an essential role in ensuring stable mass production and the launch of high-quality products in key industries such as display, semiconductor, secondary batteries, and automotive.

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