[Featured Stock] Victonce Soars 75% Above IPO Price on KOSDAQ Debut Day

Drama production company VICTON is trading at a level exceeding its initial public offering (IPO) price by 75% on its first day listed on KOSDAQ.

As of 9:52 AM on the day, VICTON was trading at 40,400 KRW, up 75.65% from the IPO price of 23,000 KRW.

VICTON, which transferred its listing from KONEX to KOSDAQ, recorded a demand forecast competition rate of 731.2 to 1 among institutional investors earlier this month, and the IPO price was set at 23,000 KRW. The subscription for public shares saw a competition rate of 181.3 to 1.

Meanwhile, stocks newly listed since June 26 can see their prices rise up to four times the IPO price on the first day of listing.