[Featured Stock] Hanguk PIEM Soars Over 60% on First Day of KOSDAQ Transfer Listing

Automotive parts company Korea PIM is showing a strong surge of over 60% in the early trading hours on its first day of listing on the KOSDAQ market.

As of 9:40 a.m. on the 4th, Korea PIM's stock is trading at 18,730 KRW, up 67.23% from the public offering price of 11,200 KRW.

Korea PIM recorded a subscription competition rate of 1,384.48 to 1 during the public offering subscription for general investors held on the 25th and 26th of last month. The total subscription deposit amounted to 2.52 trillion KRW.

In the prior demand forecast for institutional investors, the competition rate was 1,215 to 1, and the public offering price was set at the top of the desired range, 11,200 KRW. Based on the confirmed public offering price, the market capitalization is approximately 67.2 billion KRW.

Korea PIM is a manufacturer of new automotive parts, producing automotive transmissions and other components. Based on MIM technology capable of ultra-precision manufacturing, the company plans to diversify its technology application fields into humanoid robots, logistics robots, and more. After listing on the KONEX market in August 2023, it transferred to the KOSDAQ market after 1 year and 8 months.