[Featured Stock] Dotmill Falls Over 20% on First Day of KOSDAQ Listing

Dotmill is experiencing a decline of over 20% on its first day of listing on KOSDAQ.

As of 9:35 AM on the 13th, Dotmill is trading at 10,190 KRW, down 2,810 KRW (21.62%) from the public offering price of 13,000 KRW.

Dotmill set its public offering price at 13,000 KRW, the upper limit of the desired range (11,000 to 13,000 KRW), during the demand forecast for institutional investors held from the 24th to the 30th of last month. Subsequently, in the public subscription for general investors conducted on the 4th and 5th of this month, it recorded a competition rate of 116.8 to 1. Approximately 111.4 billion KRW was collected as subscription deposits.

Since its establishment in 2015, Dotmill has grown by introducing immersive content based on a new paradigm that combines analog and immersive media technologies. Its main business areas include project orders and the construction and operation of its own theme parks utilizing immersive media.