[Featured Stock] The Born Korea Celebrates with Fireworks on First Day of Listing

The Born Korea is soaring compared to the public offering price on its first day listed on the KOSPI market. Its market capitalization has surpassed 800 billion KRW.

At 9:25 a.m. on the 6th, The Born Korea is trading at 56,300 KRW, up 65.59% from the public offering price.

The Born Korea conducted a demand forecast targeting institutional investors from the 18th to the 24th of last month and finalized the public offering price at 34,000 KRW. This exceeded the upper limit of the expected price range of 23,000 to 28,000 KRW.

From the 28th to the 29th of last month, a public subscription for general investors was held over two days. Approximately 11.8238 trillion KRW was gathered as subscription deposits.

After listing, The Born Korea plans to enhance its dining business and expand B2B (business-to-business) distribution channels into corporate and military catering to establish a stable cash cow. It will also embark on full-scale business expansion through regional development and festival projects. Through ‘The Born Food Service Industry Development Institute,’ the first public-private partnership dining startup education institution established in Korea, it plans to promote coexistence with local communities by developing dining menus and brands using local specialties and consulting for revitalizing regional festivals.