[Market Focus] CMTX Doubles on First Day of KOSDAQ Listing

Primary Partner of TSMC
Rebounds in Late Session After Giving Up Early Gains

CMTX recorded a "double" (twice the IPO price) on its first day of listing on KOSDAQ.

As of 2:25 p.m. on November 20, CMTX shares were trading at 129,300 won, up 113.72% from the IPO price of 60,500 won. The stock opened at 152,000 won and surged to as high as 154,000 won during the session before giving up some of its gains.

CMTX is a semiconductor equipment parts company and the only primary domestic partner of TSMC, the world's largest semiconductor manufacturer based in Taiwan. Last year, the company posted consolidated sales of 108.7 billion won and an operating profit of 23.6 billion won.

In the recent public offering subscription for retail investors, CMTX recorded a competition ratio of 1,833 to 1 and attracted approximately 13.8622 trillion won in deposits. Previously, during the book-building process, 2,423 institutional investors from Korea and abroad participated, setting the final IPO price at the upper end of the band, 60,500 won.

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