[Featured Stock] Mintec Soars 40% on First Day of KOSDAQ Listing

Mintec, a company specializing in secondary battery diagnostic technology and equipment, surged 40% on its first day of listing on the KOSDAQ.

As of 9:24 a.m. on the 3rd, Mintec was trading at 14,660 KRW, up 4,160 KRW (39.62%) from the previous closing price on the KOSDAQ market. The trading volume reached 11.27 million shares, with a trading value of 168 billion KRW.

The stock opened at 14,900 KRW and surged sharply shortly after the market opened. Its current market capitalization stands at approximately 320 billion KRW, significantly exceeding the pre-IPO expected range of 158.4 billion to 207.1 billion KRW.

Mintec is a developer of battery and energy storage system (ESS) inspection and diagnostic solutions. It is the only company in Korea to successfully commercialize third-generation battery diagnostic technology based on electrochemical impedance spectroscopy. This technology allows real-time diagnosis of battery status.

Jongseong Park, a researcher at Eugene Investment & Securities, explained, "As the secondary battery market grows, Mintec is expected to steadily grow through strong partnerships," adding, "The company is also progressing with the commercialization of an electric vehicle battery diagnostic system for use during operation."