[Featured Stock] Pungwon Precision Rises Over 3% on First Day of Listing

[Asia Economy Reporter Hwang Yoon-joo] Pungwon Precision is showing a rise of over 3% on its first day of listing on the KOSDAQ market on the 28th.

As of 9:11 a.m. on the same day, Pungwon Precision is trading at 20,850 won, up 3.22% from the opening price of 20,200 won.

Pungwon Precision is an electronic components manufacturer producing metal masks for organic light-emitting diode (OLED) deposition. Previously, it recorded a competition rate of 1,556.53 to 1 in the demand forecast for institutional investors. In the general public offering, it also recorded a competition rate of 2,235.98 to 1, raising approximately 12.7451 trillion won in subscription deposits.