[Featured Stock] HD Hyundai Marine Solutions Soars Over 40% on First Day of Listing

HD Hyundai Marine Solutions is showing a rise of over 40% on its first day of listing.

As of 9:13 a.m. on the 8th, HD Hyundai Marine Solutions is trading at 117,900 KRW, up 34,500 KRW (41.37%) from the public offering price. HD Hyundai Marine Solutions, which was listed on the KOSPI market today, opened at 119,900 KRW.

HD Hyundai Marine Solutions was established in November 2016 by integrating the paid and unpaid service divisions related to ships of HD Hyundai Heavy Industries. It is a ship after-service (AS) specialized company providing services necessary throughout the ship lifecycle, including berthing, repair, and remodeling.

In the demand forecast conducted from the 16th to the 22nd of last month, HD Hyundai Marine Solutions recorded a competition rate of 201 to 1. The final public offering price was set at 83,400 KRW, the upper limit of the desired band, and the subsequent general subscription recorded a competition rate of 225.8 to 1. The subscription deposit reached approximately 25 trillion KRW.