[Featured Stock] Winia Aid Falls Over 9% on First Day of Listing... Below IPO Price

[Asia Economy Reporter Lee Myunghwan] Winia Aid is trading below its public offering price in the early session on the first day of listing on the KOSDAQ market on the 23rd.

As of 10:03 a.m. on the day, Winia Aid was trading at 13,200 KRW, down 9.59% (1,400 KRW) from the opening price of 14,600 KRW. This is 18.52% lower than the public offering price of 16,200 KRW.

Earlier, Winia Aid conducted a public offering subscription for general investors over two days on the 14th and 15th, recording a competition rate of 111.26 to 1. The subscription deposit amounted to approximately 1.4508 trillion KRW.

In the institutional demand forecast conducted earlier this month, the public offering price was set at the upper limit of the desired range, 16,200 KRW, within the range of 14,200 to 16,200 KRW.

Founded in 2015, Winia Aid is a platform company that provides solutions for all processes from product manufacturing to consumer use.

Winia Aid plans to use the funds secured through this public offering to invest in facilities such as purchasing logistics warehouses, expanding distribution, and care services, as well as advancing IT systems including transportation, logistics, and rental systems. Investments in small home appliances and overseas business are also planned.