[Featured Stock] LK Chem, 250% Surge on First Day of KOSDAQ Listing

LK Chem is rising more than 250% on its first day listed on KOSDAQ.

As of 9:31 AM on the 25th, LK Chem was trading at 75,000 won, up 54,000 won (257.14%) from the public offering price of 21,000 won.

LK Chem was established in 2007. It develops and manufactures ligands and precursors for semiconductor thin film deposition processes (ALD). Based on its unique synthesis and purification technology, it is expanding its market share. LK Chem is promoting mass production of hafnium tetrachloride (HfCl4), a core material of the hafnium precursor (CP-Hf), in line with the expiration of the CP-Hf patent, and is proceeding with localization of the entire process.

In the demand forecast targeting institutional investors, LK Chem recorded a competition rate of 1,052.62 to 1. The public offering price was set at 21,000 won, the upper end of the desired range of 18,000 to 21,000 won. In the general subscription, it recorded a competition rate of 652.56 to 1. The subscription deposit was about 1.7 trillion won.