[Featured Stock] Exem Gains Attention for Supplying DB Solutions to 'Kabang' with 2,585 Trillion KRW Institutional Funds

[Asia Economy Reporter Minwoo Lee] Exem's stock price is on the rise. It appears that the news of supplying database (DB) solutions to KakaoBank, which attracted record-breaking funds in institutional investor demand forecasting ahead of its initial public offering (IPO), has been highlighted.

As of 11:04 AM on the 23rd, Exem's stock price recorded 4,780 KRW, up 6.70% compared to the previous day. The fact that Exem supplied the DB performance management solution 'MaxGauge' to KakaoBank, which is scheduled to be listed on the KOSPI market on the 6th of next month, seems to have acted as a positive factor.

Previously, Exem supplied MaxGauge to over 90% of the financial sector, including major domestic first-tier financial institutions such as Kookmin Bank, Woori Bank, Hana Bank, and Korea Exchange Bank. In addition to KakaoBank, Exem also signed a supply contract with K Bank, the first internet-only bank in Korea.

Meanwhile, KakaoBank attracted 2,585 trillion KRW in institutional investor demand forecasting conducted until the 21st ahead of its IPO, setting a record high. The previous record was 2,417 trillion KRW by SK IE Technology (IET). The competition rate was also 1,733 to 1, ranking second highest in the history of the KOSPI market.