[Featured Stock] Hantech Surges Over 130% on First Day of KOSDAQ Listing

Hantec is showing an increase of over 130% on its first day listed on KOSDAQ.

As of 9:15 a.m. on the 20th, Hantec is trading at 25,250 won, up 14,450 won (133.80%) from the public offering price of 10,800 won.

Hantec recorded a demand forecast competition rate of 951.52 to 1 among institutional investors from the 24th to the 28th of last month, setting the public offering price at the upper limit of the price band (9,200 to 10,800 won) at 10,800 won. Subsequently, in the public offering subscription for general investors held on the 6th and 7th, it recorded a competition rate of 1,397.21 to 1. The deposit amount reached approximately 6.24 trillion won.

Hantec, a company specializing in chemical equipment, started in 1973 as the equipment division of Korea Fertilizer. After being acquired by Samsung Group in 1994, it changed its name to Samsung Fine Chemicals and was spun off as an independent corporation in 1998. In 2011, it was acquired by the Hoseong Group, which held 100% of the shares before the listing. Its main business is the design and manufacture of heat exchangers, reactors, and pressure vessels for liquefied natural gas (LNG) power plants.