[Market Focus] Nara Space Technology Surges 180% on First Day of KOSDAQ Listing

Nara Space Technology is trading more than 180% above its IPO price on its first day on the KOSDAQ market.

As of 9:48 a.m. on December 17, Nara Space Technology was trading at 47,300 won, up 30,800 won (187.67%) from its IPO price of 16,500 won.

Founded in 2015, Nara Space is a leading domestic provider of end-to-end services for small satellites, offering the full spectrum from design and manufacturing to operations and analytics.

The company has directly validated its technological capabilities in space through the successful consecutive launches and communications of its self-developed small satellites, Observer-1A and GYEONGGISat-1 (Observer-1B). Based on this, Nara Space has rapidly expanded its orders from major domestic and international government agencies (B2G), such as the Korea Astronomy and Space Science Institute, Korea Aerospace Research Institute, Gyeonggi Province, and Hanwha Systems, as well as private companies (B2B).

In the demand forecast conducted for domestic and international institutional investors from November 26 to December 2, the final IPO price was set at the top end of the desired band, 16,500 won. The competition ratio reached 879.08 to 1. In the public subscription for retail investors held on December 8 and 9, the subscription competition ratio was finalized at 699.63 to 1, while the proportional allocation competition ratio was 1,398.27 to 1.