[Featured Stock] Sapien Semiconductor Shows Strong Rise on First Day of SPAC Merger Listing... Up 25%

by Song Hwajung

Published 19 Feb.2024 09:59(KST)

Sapien Semiconductor, which entered the KOSDAQ market through a merger with a Special Purpose Acquisition Company (SPAC), is showing strong performance on its first day of listing.

The Korea Exchange KOSDAQ Market Division held a listing ceremony for Sapien Semiconductor, which designs and manufactures display driver semiconductors, at 9 a.m. on the 19th in the PR Hall of the Seoul office building.
[Photo by Korea Exchange]

As of 9:43 AM on the 19th, Sapien Semiconductor was trading at 45,950 KRW, up 9,200 KRW (25.03%) from the reference price of 36,750 KRW.

Sapien Semiconductor, a microLED display driving system semiconductor company, was listed on the KOSDAQ market on this day through a merger with Hana Must 7 SPAC.

Lee Seok-young, a researcher at Daishin Securities, stated, "The technology to implement micro displays can be divided into LCoS, OLEDoS, and LEDoS. LCoS technology has limitations in size and weight, making it less competitive in the augmented reality (AR) and virtual reality (VR) markets. OLEDoS and LEDoS are likely to be the main focus, and in the mid-to-long term, there will be opportunities in LEDoS. Sapien Semiconductor is focusing on developing DDIC (Display Driver Integrated Circuit) technology necessary for driving LEDoS, so when the LEDoS-based AR device market blooms in the future, rapid growth will be possible," he analyzed.