[Featured Stock] iBeam Technology, KOSDAQ Debut Day Weakness... Down About 5%

iBeam Technology is showing a weak performance on its first day listed on KOSDAQ.

As of 10:01 AM on the 6th, iBeam Technology is trading at 9,490 won, down 510 won (5.1%) from the public offering price of 10,000 won.

Previously, iBeam Technology set its public offering price at 10,000 won, exceeding the upper limit of the expected range (7,300 to 8,500 won) in the demand forecast for institutional investors. In the subsequent subscription for general investors, it recorded a competition rate of 1,094 to 1, with deposits totaling 3.0568 trillion won.

iBeam Technology was founded by Professor Kim Pilhan of KAIST, a researcher in bio-microscopy. A bio-microscope is a device that uses laser optical technology to observe the inside of a living body.