Samhyun Co., Ltd., to hold celebration for listing on the KOSDAQ market.
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On Thursday, March 21, 2024, Samhyun celebrated its listing on the KOSDAQ market by holding a listing ceremony at the Korea Exchange in Yeongdeungpo-gu, Seoul.
The stock price started trading at 67,000 won, which is 123.3% higher than the offering price, and has continued to rise. The enthusiasm seen during the IPO process appears to persist.
During the public subscription for general investors from the 12th to the 13th, Samhyun raised a total of 12.3385 trillion won in deposits, with a subscription ratio of 1645.1 to 1.
In the institutional investor demand forecast conducted from February 29th to March 7th, a subscription ratio of 649.11 to 1 was recorded, leading to a final offering price of 30,000 won, which exceeded the expected range (20,000 won to 25,000 won).
Hwang Sung-ho, CEO, expressed gratitude to officials from the Korea Exchange, Korea Investment & Securities, KOSDAQ Association, Korea IR Association, and others, stating, "Today's listing marks a new beginning. Our vision extends beyond eco-friendly automobiles, smart defense, and robotics into diverse industries such as UAM and aerospace.
We aim to leap into a global leading company through expansion into global markets. We will grow even further through the new challenges and opportunities ahead, striving towards the future."
Moving forward, Samhyun will continue to repay the trust and support of many partners who believe in the future, maintaining belief in the future and investing.