[Market Focus] Alteogen Rises on Momentum for KOSPI Transfer Listing

Alteogen showed strong performance in early trading on the 29th. Investor sentiment appears to have recovered as the company's transfer listing to the KOSPI is gaining momentum.

As of 9:45 a.m. on this day, Alteogen's stock price on the KOSDAQ market was up 3.36% from the previous trading day, reaching 462,000 won. The stock opened at 456,500 won and at one point during the session climbed as high as 464,500 won.

On this day, Alteogen announced through a public notice that it had selected Korea Investment & Securities as the lead manager for its transfer listing to the KOSPI. This comes about a month after the company officially announced its plan to move to the KOSPI in August. Alteogen stated, "We will proceed with preparations for the transfer listing together with Korea Investment & Securities and plan to hold an extraordinary general meeting within the year."

Founded in 2008, Alteogen currently holds the top spot in market capitalization on the KOSDAQ market. Previously, companies such as NCSoft, Naver, Kakao, and Celltrion also transferred their listings from KOSDAQ to KOSPI.