[Featured Stock] ISTE, 'SK Hynix Supply', Surges Over 60% on First Day of Listing

Public Offering Price Set at 11,400 KRW

On the 12th, ISTI, a semiconductor equipment specialist company listed on the KOSDAQ market, is soaring in the early trading session.

As of 9:47 a.m. that day, ISTI shares were trading at 18,970 KRW, up 66.4% from the public offering price of 11,400 KRW.

Founded in 2013, ISTI supplies semiconductor FOUP cleaners to Samsung Electronics, SK Hynix, Siltron, and others. A FOUP cleaner is a device that cleans FOUPs, special containers that protect and transport wafers. Through continuous sales of FOUP cleaner equipment, the company is expected to achieve annual sales of 70.6 billion KRW and operating profit of 10.5 billion KRW this year. In 2023, ISTI was also selected as a technology innovation company by SK Hynix.

ISTI recorded a competition rate of 1,148.16 to 1 with a total of 2,074 domestic and foreign institutional investors participating in the demand forecast conducted from the 21st to the 24th of last month. In the public offering subscription for general investors held on the 3rd and 4th, the competition rate was 455.83 to 1. A total of 89,314 subscriptions were received, and approximately 844.4 billion KRW in deposits were collected.