[Special Stock] Samyang NChem Surges Over 20% on First Day of KOSDAQ Listing

Samyang NChem is showing a rise of over 20% on its first day of listing.

As of 9:11 AM on the 3rd, Samyang NChem is trading at 22,200 KRW, up 4,200 KRW (23.33%) from the public offering price of 18,000 KRW.

Samyang NChem was established in 2008 under the name "NChem" and is the first company in Korea to domestically produce core materials for semiconductor photoresists (PR). The company develops and manufactures polymers and photoacid generators (PAG), which are key components of PR.

Previously, Samyang NChem set its public offering price at the upper end of the desired range, 18,000 KRW, during the five-day demand forecast held from the 6th to the 10th of last month. Subsequently, during the two-day general subscription period on the 16th and 17th of the same month, it recorded a competition rate of 1,282 to 1, attracting subscription deposits of approximately 3.1737 trillion KRW.