[Featured Stock] LG Energy Solution Equipment Supplier Ninetech Hits Upper Limit

[Asia Economy Reporter Park So-yeon] NineTech has risen to the trading limit.

As of 10:07 AM on the 13th, NineTech is trading at 5,600 KRW on the KOSDAQ market, up 1,285 KRW (29.78%) from the previous day.

NineTech is known as an equipment supplier for LG Energy Solution. LG Energy Solution successfully attracted attention ahead of its initial public offering (IPO) by gathering orders exceeding 1 quadrillion KRW in the institutional demand forecast. During the two-day institutional demand forecast held from the 11th to the 12th, it recorded a competition rate of 1,500 to 1, and the institutional order amount is estimated to be at least 1 quadrillion 518 trillion KRW.

NineTech develops, manufactures, and sells process equipment applying process technologies (lamination, stacking) in the secondary battery field, as well as ultra-precision align technology and special transfer system technology in the IT industry field.

Its market capitalization is 220.6 billion KRW, ranking 466th on the KOSDAQ.