[Featured Stock] Socar Hits New Lows Since Listing, Falls Below 20,000 Won... Down 30% Compared to IPO Price

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Since entering the KOSPI market last month, Socar has continuously hit new lows, and on the morning of the 19th, it fell below the 20,000 KRW mark, setting another new low.

At 9:38 AM on this day, Socar was trading at 19,750 KRW on the KOSPI market, down 1.74% from the previous trading day.

Socar was listed at an IPO price of 28,000 KRW on the 22nd of last month. On the first day of listing, it closed at 26,300 KRW, down 6.07% from the IPO price, and continued to decline, falling into the 10,000 KRW range on this day.

This represents a 29.5% decrease compared to the IPO price.