[Market Focus] Linksolution Surges Over 50% on First Day of KOSDAQ Listing

3D printing company Linksolution saw its stock price surge by over 50% in early trading on its first day listed on KOSDAQ.

As of 9:06 a.m. on June 10, Linksolution's share price stood at 34,650 won, up 50.65% from its initial public offering (IPO) price of 23,000 won. The stock opened at 30,000 won and has continued to climb.

Founded in 2015, Linksolution specializes in developing 3D printer equipment and is preparing to launch automated foundry (contract manufacturing) services for 3D printing as its next growth engine. The company expects strong demand for its manufacturing services, noting that 3D printers are increasingly being used not only for prototyping in various manufacturing industries but also for mass production of high-strength and high-precision components.

In the institutional investor demand forecast conducted from May 16 to 22, Linksolution recorded a competition rate of 1,159 to 1. A total of 2,202 domestic and overseas institutions participated, and the IPO price was set at the top end of the desired range (20,000 to 23,000 won), at 23,000 won. In the general investor subscription held on May 27 and 28, the competition rate reached 1,999 to 1, and the subscription deposit totaled 2.5864 trillion won.

With this IPO, Linksolution plans to shift its business structure from a production-focused model to a service-oriented one. Most of the funds raised will be used to expand its dedicated 3D printing manufacturing foundry in Daejeon.