SEC Surges Over 10% Early on KOSDAQ Debut

The stock price of SEC, a company specializing in electron beam-based inspection equipment, rose more than 10% above its IPO price on its first day of listing.

As of 9:14 a.m. on April 28, SEC shares were trading at 17,040 won, up 13.60% from the IPO price of 15,000 won. Immediately after the market opened, the price surged by 39.33% to reach as high as 20,900 won.

Founded in 2000, SEC provides inspection equipment based on electron beam technology. The company manufactures and sells high-precision X-ray systems for semiconductors, high-energy X-ray systems for defense, high-speed X-ray systems for batteries, and tabletop scanning electron microscopes (Tabletop SEM), among other products.

Last year, on a consolidated basis, SEC recorded sales of 53.9 billion won, operating profit of 1.3 billion won, and net profit of 2.1 billion won. Over the past three years, the compound annual growth rate (CAGR) of sales has been approximately 22%. With exports accounting for more than 50% of total sales, the order backlog stood at about 56.1 billion won as of the end of February.

Prior to the listing, 2,203 institutional investors participated in the demand forecast, resulting in a final competition ratio of 1,232.54 to 1. As a result, the IPO price was set at the upper end of the previously indicated range, at 15,000 won.