[Featured Stock] Haizen R&M, Reverses to Rise After Sharp Drop at Opening

The stock price of Hyzen R&M, a smart actuator solution company for robots, is soaring on the second day after its listing on KOSDAQ.

As of 9:25 a.m. on the 28th, Hyzen R&M is trading at 15,580 KRW on the KOSDAQ market, up 420 KRW (2.77%) from the previous session.

The trading volume is about 1.98 million shares, with a trading value of approximately 28.6 billion KRW. The stock price, which started sharply down at 14,490 KRW, slid further to 13,780 KRW during the session but reversed to an upward trend as low-price buying demand flowed in.

On the first day of listing, the previous day (27th), the stock traded around 18,000 KRW, about 2.7 times the public offering price in the early session. During the day, it even reached a high of 21,300 KRW.

Hyzen R&M is a specialized company in actuators, essential components for robot movements, which started in 1963 as LG Electronics' motor division and has accumulated related technology for about 60 years to date.

In the demand forecast for institutional investors, it showed a competition rate of 1,099 to 1, and the public offering price was set at 7,000 KRW, exceeding the upper limit of the desired range (4,500 to 5,500 KRW). In the public subscription, it recorded a competition rate of 2,549 to 1, gathering a deposit of 7.6 trillion KRW.