by Song Hwajung
Published 26 Jan.2024 10:30(KST)
Updated 26 Jan.2024 10:41(KST)
Hyundai Hims entered the KOSDAQ market on its first day of listing, recording a 'double-double' (a fourfold increase compared to the public offering price).
As of 10:23 AM on the 26th, Hyundai Hims was trading at 29,200 KRW, up 21,900 KRW (300%) from the public offering price of 7,300 KRW. This is the second double-double of the year following Woojin Entec.
Previously, Hyundai Hims recorded a competition rate of 680.82 to 1 in the demand forecast for institutional investors, setting the public offering price at 7,300 KRW, exceeding the upper limit of the expected price band. Subsequently, during the general subscription held over two days on the 17th and 18th, it recorded a competition rate of 1,231 to 1. The subscription deposits amounted to approximately 9.78 trillion KRW.
Hyundai Hims focuses on ship blocks, ship interiors, and outfitting painting as its main shipbuilding equipment business. As of the third quarter of last year, its cumulative consolidated sales increased by 28.7% year-on-year to 134.3 billion KRW, and operating profit rose by 288.8% to 11.1 billion KRW.
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