Shares of Semitias are experiencing a decline of over 15% on their first day of trading on the KOSDAQ market.
As of 9:24 a.m. on June 10, the Korea Exchange reported that Semitias shares were trading at 6,560 won, down 1,200 won (15.85%) from the previous trading day. The stock briefly fell to 5,770 won early in the session.
Semitias made its debut on the KOSDAQ following a merger with NH SPAC No. 29, a special purpose acquisition company (SPAC). The Korea Exchange approved the merger listing on June 8, allowing trading to commence today.
The initial listing price was set at 7,760 won, with the stock subject to a 30% price fluctuation limit, similar to other common stocks.
Founded in 2014, Semitias specializes in logistics solutions based on automated material handling systems (AMHS) that manage wafer transport and storage environments in semiconductor manufacturing processes. Its main products include clean conveyor systems and nitrogen purge systems, and it also provides automation solutions for semiconductor front-end processes.
In 2024, Semitias reported consolidated revenues of 20.88 billion won and an operating profit of 5.91 billion won.
Market analysts note that as a newly listed company through a SPAC merger, Semitias is experiencing increased volatility in its early trading days.
* This article has been translated by AI.
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