[Asia Economy Reporter Lee Seon-ae] On the 3rd, newly listed "rookie stocks" Rainbow Robotics and Wider Planet on the KOSDAQ market are showing a simultaneous downward trend.
As of 10:27 AM on the 4th, Rainbow Robotics is trading at 24,250 KRW, down 6.73% from the previous day. Wider Planet is recording 19,300 KRW, down 3.50%.
The previous day, Rainbow Robotics' stock price closed at 26,000 KRW, which was a "ttasang" (the opening price on the first day of listing doubled from the public offering price and then hit the upper limit). Earlier, Rainbow Robotics held a public offering subscription for general investors, recording a competition rate of 1201.26 to 1, and attracting about 3.1833 trillion KRW in deposits, achieving great success.
Rainbow Robotics is a robot platform specialized company. It developed Korea's first humanoid bipedal robot (HUBO) and secured the country's only precision directional mount system technology. In the future, it plans to launch a "mobile manipulator," which combines a collaborative robot with a mobile robot, and a "robot laser treatment system" that applies robot technology to the medical industry.
The previous day, Wider Planet closed at 20,000 KRW, down 4,900 KRW (19.68%) from the opening price. Although the stock price surged to 26,500 KRW early in the session, it closed lower. However, it ended the day at a price higher than the public offering price of 16,000 KRW. Wider Planet is a company providing consumer behavior, preference big data, and artificial intelligence (AI) platform services. In the general public offering subscription, it showed a "blockbuster success" with a competition rate of 1357.98 to 1 and deposits of about 2.1728 trillion KRW.
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