HiZen R&M is recording a rise of over 160% on its first day listed on KOSDAQ.
As of 9:57 AM on the 27th, HiZen R&M was trading at 18,500 KRW, up 11,500 KRW (164.29%) compared to the previous trading day.
HiZen R&M was established in 1963 as the motor division of LG Electronics. In its early business days, it designed and manufactured general-purpose motors used in petrochemicals and machine tools, leveraging the motor technology it accumulated to independently develop all actuator components such as servo motors and reducers used in collaborative robots and logistics robots.
It is also a company that has secured both hardware and software technologies in the actuator field, including developing algorithms and software technologies that precisely control actuator operation.
During the five trading days of demand forecasting starting from the 7th of this month, 2,253 domestic and international institutions participated, recording a competition rate of 1,099.2 to 1, finalizing the public offering price at 7,000 KRW. This exceeded the upper limit of the public offering price band of 4,500 to 5,500 KRW. The subscription competition rate for general investors was 2,549.13 to 1. The deposit amount was tallied at 7.5836 trillion KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
