[Feature Stock] Senatechnology Surges Over 160% on First Day of KOSDAQ Listing
Senatechnology is experiencing a surge of over 160% on its first day of trading on KOSDAQ.
As of 9:11 a.m. on November 14, Senatechnology was trading at 150,700 won, up 93,900 won (165.32%) from its initial public offering price of 56,800 won.
Senatechnology finalized its IPO price at the top end of its target range, 56,800 won, after recording a competition rate of 976.9 to 1 in the institutional investor demand forecast conducted from October 23 to 29. In the general subscription held on November 4 and 5, the competition rate was 885 to 1. The subscription deposit amounted to approximately 3.5 trillion won.
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Founded in 1998, Senatechnology is the global leader in the motorcycle team communication market. It has been selected as the Best Brand in the communication systems category for seven consecutive years by Motorrad, a German motorcycle magazine with a 120-year history.
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