[Stock in Focus] Samjin Food Surges 200% on First Day of KOSDAQ Listing

Samjin Food achieved a "double" (a twofold increase compared to the offering price) on its first day of KOSDAQ listing.

As of 9:24 a.m. on December 22, Samjin Food was trading at 22,900 won, up 15,300 won (201.32%) from its offering price of 7,600 won.

During the institutional investor demand forecast conducted from December 3 to 9, Samjin Food recorded a competition rate of 1,308.87 to 1, setting the offering price at the upper end of the desired range (6,700 to 7,600 won) at 7,600 won. In the general subscription held on December 11 and 12, the competition rate reached 3,224.76 to 1. Approximately 6.127 trillion won was collected as subscription deposits.

Founded in 1953 at Jagalchi Market in Busan, Samjin Food is a leading seafood processing company that has pioneered the fish cake industry in South Korea for over 70 years. By transforming fish cake from a simple traditional ingredient into a premium food and K-food brand, the company has spearheaded a paradigm shift in the "branding of the fish cake industry."