JusTech's shares fell more than 3% during intraday trading on June 30, the second day since its listing on the KOSDAQ.
According to the Korea Exchange, as of 1:38 PM, JusTech's stock was trading at 16,830 won, down 700 won (3.99%) from the previous trading day. The stock opened at 16,950 won and peaked at 21,500 won during the day before reversing course and showing a decline of over 3%.
On its first day of trading, JusTech performed strongly, closing at 17,530 won, a 40.24% increase from its offering price of 12,500 won. The stock continued to rise in the early part of the day but later turned downward as profit-taking sales emerged.
Founded in 1999, JusTech is a manufacturer of motors and generators, specializing in ultra-precision motion control technology. The company supplies components and solutions across various industries, including semiconductors, displays, industrial automation, and aerospace.
Park Jong-seon, a researcher at Eugene Investment & Securities, noted that JusTech has successfully commercialized vertically integrated components related to ultra-precision motion, including motors, sensors, drivers, and controllers, based on its proprietary technology for developing linear motors.
Earlier, during the public offering subscription for individual investors held on June 18-19, JusTech recorded a competitive ratio of 2,783.89 to 1, indicating strong interest in the stock.
* This article has been translated by AI.
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