[Featured Stock] "Repeater" Seoul Guarantee Insurance Starts Strong with Over 6% Gain on First Day of Listing

Seoul Guarantee Insurance is showing an early 6% rise on its first day listed on the KOSPI.

As of 9:04 a.m. on the 14th, Seoul Guarantee Insurance's stock price is 27,625 won, up 6.25% from the public offering price of 26,000 won.

Seoul Guarantee Insurance entered the KOSPI after a 'second attempt.' It initially planned to list on the KOSPI in October 2023 but withdrew the plan due to poor demand forecast results. At that time, the expected public offering price range was 39,500 to 51,800 won, but this time the range was lowered to 26,000 to 31,800 won for the demand forecast. The public offering price was set at the lowest point of 26,000 won. Based on the public offering price, the market capitalization is 1.8154 trillion won.

The public subscription for general investors also failed to attract strong interest. The competition rate was 8.59 to 1, and subscription deposits amounted to about 200 billion won.

Seoul Guarantee Insurance is the only specialized guarantee insurance company in Korea, providing various guarantee products necessary for the economic activities of individuals and companies, including various performance guarantees, identity guarantees, installment guarantees, mid-interest rate and jeonse deposit loan guarantees.