[Featured Stock] Posbank Shows 'Strong Performance' on First Day of KOSDAQ Listing

Posbank is rising more than 100% compared to the public offering price on its first day of listing on KOSDAQ.

As of 9:42 a.m. on the 29th, Posbank was trading at 45,300 won, up 151.67% (27,300 won) from the public offering price of 18,000 won.

Posbank conducted a demand forecast for institutional investors from the 5th to the 10th, recording a competition rate of 839.03 to 1, and finalized the public offering price at 18,000 won, exceeding the upper limit of the expected band (13,000 to 15,000 won). The subscription for public offering shares for general investors recorded a competition rate of 1,397 to 1. Subscription deposits amounted to approximately 2.3592 trillion won.

Posbank is a company specializing in the development and manufacturing of POS and kiosks. It was established in 2003. A POS device refers to a device that aggregates sales information in real time when selling goods and services and includes various office processing and management analysis functions. Posbank also develops and uses its own software embedded in the devices. Leading the domestic market, it has grown to establish a partner network of more than 200 partners in 80 countries worldwide, including the United States, Europe, Asia, the Middle East, and Africa.