[Featured Stock] Hankook Advanced Materials Hits Upper Limit with 'Successful Rights Offering + Quantum Computing Beneficiary'

Korea Advanced Materials hits the upper price limit.

As of 9:35 AM on the 27th, Korea Advanced Materials was trading at 4,270 KRW on the KOSDAQ market, up 985 KRW (29.98%) from the previous trading day.

Korea Advanced Materials is classified as a beneficiary stock of quantum computing. In the U.S. stock market the previous day, Rigetti rose 36%, and Quantum increased 24%, closing strong. The QTUM exchange-traded fund (ETF), which includes companies related to quantum computing, has surged 57.85% this year.

Korea Advanced Materials announced that before the revision on the same day, it succeeded in the general public offering for forfeited shares conducted from the 23rd to the 24th, recording an overall subscription competition rate of 792.1 to 1. The total subscription deposit reached 1.5979 trillion KRW.