[Featured Stock] Innospace Shows Weakness on First Day of KOSDAQ Listing

Innospace is showing weakness on its first day of trading on the KOSDAQ.

As of 9:15 a.m. on the 2nd, Innospace is trading at 42,650 won, down 650 won (1.50%) from the public offering price of 43,300 won. Although it rose to 46,050 won shortly after the market opened, it failed to maintain the upward momentum and turned to a downward trend.

The space launch vehicle startup Innospace conducted a demand forecast targeting domestic and international institutional investors from the 11th to the 17th of last month, finalizing the public offering price at the upper end of the desired range (36,400 won to 43,300 won) at 43,300 won. During the general subscription held over two days starting on the 20th, it recorded a competition rate of 1,150.72 to 1. The subscription deposit was approximately 8.2836 trillion won.