[Feature Stock] Vitro Next Tech Doubles on First Day of KOSDAQ Debut

On its first day of listing on the KOSDAQ, Vitro Next Tech, an advanced science application industry company, achieved a "double"-closing at twice its initial offering price.

As of 9:22 a.m. on November 21, Vitro Next Tech's stock price stood at 19,560 won, up 183.48% from the offering price of 6,900 won. The stock opened at 12,500 won and continued to rise, reaching as high as 20,350 won during intraday trading.

Vitro Next Tech is the only company in South Korea specializing in liquid rocket engines, established in 2016 after a physical spin-off from Vitro Tech's special business division. The company focuses on advanced science application fields such as aerospace, plasma, nuclear fusion, and accelerators as its core businesses.

Since 2012, it has supplied engine components for the Nuri rocket. In the aerospace sector, the company is accelerating the development of next-generation launch vehicle engines in line with the government roadmap. It plans to complete a high-power engine for lunar exploration by 2032 to ensure business continuity.

In the previous demand forecast for institutional investors, a total of 2,239 domestic and international institutions participated, resulting in a competition rate of 1,015.93 to 1. The offering price was set at the upper end of the price band, at 6,900 won.

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