[Featured Stock] Jinyoung Falls 0.5% on First Day of KOSDAQ Listing

Jinyoung experienced a slight decline on its first day listed on the KOSDAQ.

As of 9:31 a.m. on the 1st, Jinyoung was trading at 9,950 won, down 0.50% from the opening price of 10,000 won.

The opening price was set at 10,000 won, double the public offering price of 5,000 won. It failed to achieve the 'ttasang'?opening at twice the IPO price and hitting the upper limit price.

In the institutional investor demand forecast conducted last month, Jinyoung succeeded in attracting attention with a competition rate of 1,595.7 to 1, leading to the public offering price being set above the upper limit of the expected range. The general subscription also recorded a rate of 1,452.5 to 1.

Established in 1996, Jinyoung is a company specializing in the manufacturing of plastic products. Its main products include furniture sheets and edge bands.