[Featured Stock] 'Finding the Second Coupang'... Aju IB Investment Hits 52-Week High on Yanolja IPO Expectations

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] As expectations for the IPO of Yanolja, in which AJU IB Investment holds shares, grow, the stock price has risen to the upper limit.

On the 15th, AJU IB Investment was trading at 5,680 KRW, up 29.98% compared to the previous trading day, starting from around 10:20 AM. This is the highest price in 52 weeks.

This sharp rise in stock price is interpreted as reflecting the growing anticipation for the IPO of Yanolja, a lodging platform in which the company invested 20 billion KRW last year. Following Coupang's successful listing on the New York Stock Exchange (NYSE), expectations for unlisted companies such as Yanolja, Market Kurly, and their investors have also increased.

Earlier, when news broke that Easy Technosis, an affiliate of Yanolja, had partnered with Google for a new hotel reservation service, the company's stock price rose for three consecutive days starting from the 11th.