[Stock in Focus] Pescara Achieves "Double" on First Day of KOSDAQ Listing

Pescara achieved a "double" (a 100% increase from the offering price) on its first day of listing on the KOSDAQ market.

The Korea Exchange KOSDAQ Market Division held a listing ceremony for Pescara, a developer of embedded security solutions and automotive electronic software, at 9 a.m. on the 10th in the PR Hall of the Seoul headquarters.

As of 9:57 a.m. on December 10, Pescara was trading at 37,300 won, up 21,800 won (140.65%) from its offering price of 15,500 won.

Pescara recorded a competition ratio of 1,173.21 to 1 in the institutional investor demand forecast held from November 20 to 26, resulting in the offering price being set at the upper end of the desired range (12,500 to 15,500 won) at 15,500 won. In the public subscription held on December 1 and 2, the competition ratio reached 1,430.3 to 1. Approximately 3.6 trillion won was collected as subscription deposits.

Established in 2016, Pescara is a company specializing in integrated vehicle security platforms, founded by experts in automotive electronic systems and former white-hat hackers. Going beyond security solutions for individual controllers, the company has built an integrated security framework that covers the entire vehicle system and lifecycle, securing a differentiated competitive edge.

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