Global Technology and Big Wave Robotics, newly listed on the KOSDAQ market, experienced significant gains at the start of trading. This surge is attributed to a recovery in investor sentiment towards technology stocks, leading to increased demand for newly listed shares.
According to the Korea Exchange, as of 9:23 a.m. on September 29, Global Technology was trading at 28,400 won, up 183% from its initial public offering price of 10,000 won.
Founded in 2013, Global Technology specializes in analog semiconductors, particularly LDI (LED Driver IC), which controls the brightness of LED light sources. The company recorded a competitive subscription rate of 57 to 1 during its public offering for general investors held on September 16-17.
Big Wave Robotics also began trading today, with its shares soaring 205% to 55,000 won from its IPO price of 18,000 won.
Big Wave Robotics is a robotics automation platform company, offering the online robot platform 'Marosol' and a cloud-based robot integrated control platform 'Solink.'
* This article has been translated by AI.
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