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

Bankware Global is showing weakness on its first day listed on the KOSDAQ.

As of 9:15 a.m. on the 12th, Bankware Global is trading at 15,880 won, down 120 won (0.75%) from the public offering price of 16,000 won. Although it rose to 16,800 won after the market opened, it turned weak. It fell more than 8% but partially recovered the losses.

Founded in 2010, Bankware Global is a company that has built a unique competitive edge by developing core banking packages. It has supplied packages to MyBank, Alibaba's internet bank in China, K Bank in Korea, and Line Bank in Taiwan, and has secured over 100 clients across seven Asian countries, including ▲financial public institutions ▲commercial banks ▲savings banks ▲card companies ▲capital companies ▲fintech companies.

Bankware Global conducted a demand forecast for institutional investors from the 23rd to the 29th of last month and set the public offering price at 16,000 won, the lower end of the desired band (16,000 to 19,000 won). A total of 827 institutions participated in the subscription for 1.05 million shares, which is 75% of the total public offering volume, recording a competition rate of 155.74 to 1. Subsequently, the public subscription for general investors held from the 1st to the 2nd recorded a competition rate of 239.18 to 1. Subscription deposits amounted to 669.7 billion won.