[Featured Stock] MD Device Doubles Early in Trading on First Day of Listing

MD Device, a semiconductor storage specialist company, is soaring nearly 100% in the early hours of its first day of listing.

As of 9:07 AM on the 7th, MD Device's stock is trading at 16,580 KRW, up 98.56% from the public offering price of 8,350 KRW.

MD Device, which was listed on the KOSDAQ market today, recorded a competition rate of 1,696.19 to 1 in the general subscription held on the 24th and 25th of last month, raising approximately 2.2307 trillion KRW in deposits. Earlier, from the 12th to the 18th of the same month, the demand forecast conducted for domestic institutional investors set the public offering price at the upper end of the desired band (7,200 KRW to 8,350 KRW), confirming it at 8,350 KRW. The demand forecast competition rate was 1,366.65 to 1.

Founded in 2009, MD Device designs and manufactures SSDs. Amid the global competition to build data centers, which is increasing SSD demand, the company plans to establish global competitiveness through stable product supply and continuous research and development.