[Market Focus] Dalba Global Hits 52-Week High Despite Lock-Up Expiration

KOSPI-listed company Dalba Global surged sharply and set a new 52-week high, despite concerns over the lock-up expiration.

As of 10:00 a.m. on June 23, Dalba Global was trading at 182,900 won, up 6.03% from the previous trading day. The stock opened at 171,900 won and soared to as high as 186,800 won during intraday trading, breaking its previous 52-week high.

The previous day, 19% of Dalba Global's shares (2.29 million shares) were released from mandatory holding registration. When Dalba Global was listed on May 22, a total of 22 investment associations and funds, including KTBN No. 13 Venture Investment Association and Korea Omega Project No. 5 Association, registered their shares for a one-month mandatory holding period. The mandatory holding registration system requires major shareholders and related parties to electronically register their shares with the depository, preventing them from selling for a certain period, in order to protect general investors.

With the stock price more than doubling within a month of its KOSPI listing, concerns have grown that a wave of profit-taking sales could increase stock price volatility. However, securities industry analysts expect Dalba Global's share price to continue its upward trend in the long term, citing its global growth momentum.