[Stock in Focus] Shinhan No.17 SPAC Surges Over 180% on First Day of KOSDAQ Debut

Shinhan No.17 Special Purpose Acquisition Company (SPAC) is showing a strong performance on its first day of trading on the KOSDAQ.

As of 9:11 a.m. on April 1, Shinhan No.17 SPAC was trading at 5,790 won, up 3,790 won or 189.50% from its public offering price of 2,000 won.

A SPAC (Special Purpose Acquisition Company) is a listed company established to help unlisted companies go public, and it must complete a merger within three years. The target industries for Shinhan No.17 SPAC’s merger include electronics and telecommunications, software and services, biopharmaceuticals and medical devices, secondary batteries, and the gaming and entertainment industries.

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