[Asia Economy Reporter Ji Yeon-jin] CU Tech experienced a sharp decline on its first day of listing on the KOSDAQ on the 8th. However, since the opening price was set at twice the public offering price, investors in the public offering shares are currently recording a 55% return.
As of 10:18 AM on the same day, CU Tech was trading at 9,310 KRW on the KOSDAQ market, down 22.33% (2,680 KRW) from the opening price. The opening price was set at 12,000 KRW, which is twice the public offering price of 6,000 KRW.
CU Tech previously recorded a demand forecast competition rate of 1,565 to 1 among institutional investors, and a competition rate of 1,408.69 to 1 in the public subscription for general investors. In the subsequent subscription, approximately 5.5467 trillion KRW in subscription deposits poured in, resulting in a final competition rate of 1,408.69 to 1.
Founded in 2004, CU Tech is a specialized SMT (Surface Mount Technology) company that mounts components on substrates and sells them. Its main business is FPCA (Flexible Printed Circuit Assembly) used in organic light-emitting diode (OLED) panels.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
