'Mirae Asset Vision SPAC 4' Volatile on First Day of Listing

Mirae Asset Vision SPAC 4 experienced volatile stock price movements on its first day listed on the KOSDAQ market.

On the 29th, Mirae Asset Vision SPAC 4 closed at 2,255 KRW, up 255 KRW (12.75%) from its public offering price of 2,000 KRW.

Mirae Asset Vision SPAC 4 rose from the start of trading, reaching as high as 4,985 KRW by 10 a.m. Later in the afternoon, it climbed to 7,080 KRW, marking a 254% increase. However, from 2 p.m., the stock price sharply declined, eventually closing at 2,255 KRW.

Mirae Asset Vision SPAC 4 is a SPAC (Special Purpose Acquisition Company). A SPAC is a nominal company established solely for the purpose of acquiring and merging with other companies.

Mirae Asset Vision SPAC 4 aims to pursue mergers with companies operating in industries such as renewable energy, biopharmaceuticals, and IT convergence systems. The public offering amount was 13.3 billion KRW. Approximately 2.28 trillion KRW in subscription deposits were collected from general investors during the public subscription.