[Market Focus] Aromatica Soars 211% on KOSDAQ Debut, Achieves "Double"

Aromatica achieved a "double"-a twofold increase over its IPO price-on its first day of listing on the KOSDAQ.

The Korea Exchange KOSDAQ Market Division held a listing ceremony for Aromatica, a clean beauty cosmetics manufacturer, at 9 a.m. on the 27th in the PR Hall of its Seoul headquarters.

As of 9:11 a.m. on November 27, Aromatica was trading at 24,900 won, up 16,900 won (211.25%) from its IPO price of 8,000 won.

During the institutional investor demand forecast held from November 7 to 13, Aromatica recorded a competition ratio of 1,153 to 1, resulting in the IPO price being set at the upper end of the desired range (6,000 to 8,000 won), at 8,000 won. In the general subscription held on November 18 and 19, the competition ratio reached 2,865.17 to 1. Approximately 859.55 billion won in subscription deposits was collected.

Aromatica is recognized as a leading company in the domestic conscious beauty sector, having introduced EWG-certified cosmetic ingredients for the first time in Korea and pioneered both organic and vegan cosmetics as a first-generation clean beauty brand. The company is also evaluated as a leader in promoting sustainability by spreading a culture of reuse and recycling, starting from packaging design.

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