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Lee Sang-kyu, CEO of Nobrand (photo = Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] Shares of Nobrand, a clothing design platform company, jumped more than 287% on the first day of KOSDAQ listing. On the 23rd, Nobrand finished trading at 54,300 won, up 287.86% from the initial public offering price (14,000 won). Shares of Nobrand, which opened at 31,000 won on the day, soared 296.42% to 55,500 won at one point in the market.
Previously, Nobrand conducted a demand forecast for institutional investors from the 30th of last month to the 8th and confirmed the public offering price at 14,000 won, exceeding the desired range (8,700 won to 11,000 won).
A total of 2,044 organizations participated in the demand forecast, recording a competition rate of 1075.61 to 1. The general subscription, which took place from the 13th to the 14th, was also successful with a competition rate of 2070.70 to 1. Subscription margin was estimated at 4.35 trillion won.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
