[Featured Stock] MotiveLink Surges on Second Day of Listing... Up Over 18%

Automotive transformer company Motivelink is showing strong performance on the second day of its KOSDAQ listing.

As of 9:43 AM on the 21st, Motivelink's stock is trading at 20,850 KRW, up 18.40% from the previous trading day.

On its first day of listing, Motivelink closed at 17,610 KRW, a 193.50% increase from the public offering price of 6,000 KRW. This is the first case in three months since Witz (listed on November 20 last year) where a stock closed above 'double' (twice the public offering price) on the listing day. Witz's closing price on its first day was 14,690 KRW, about 2.3 times its public offering price of 6,400 KRW.

Motivelink recorded a subscription competition rate of 1,667.23 to 1 during the general subscription held on the 11th and 12th. The subscription deposit amounted to 3.777 trillion KRW. In the demand forecast targeting domestic and foreign institutional investors, a total of 2,122 institutional investors participated, applying for 2,274,101,200 shares, resulting in a competition rate of 1,075.5 to 1.

Motivelink produces transformers for automotive electronic components and develops and mass-produces key parts used in strategic conversion systems for eco-friendly vehicles.