DTS is experiencing strong gains on its first day of trading on the KOSDAQ, exceeding double its initial public offering price.
According to the Korea Exchange, as of 9:35 a.m. on the 23rd, DTS shares were trading at 37,400 won, up 102.16% from the IPO price of 18,500 won. At one point during the session, the stock surged to 40,700 won, marking a 120% increase from the IPO price.
DTS began trading at 32,350 won, 74.86% higher than its IPO price. Following an influx of buying interest, the stock briefly surpassed the 40,000 won mark before giving back some gains. The lowest price during the session was 30,000 won, which is still 62.16% above the IPO price.
DTS specializes in designing and manufacturing air-cooled thermal management equipment used in liquefied natural gas (LNG) production facilities, refineries, petrochemical plants, and power plants.
Air-cooled thermal management equipment is essential for cooling heat generated in industrial facilities using air. It is considered one of the key components necessary for the stable operation of large-scale plants, particularly in LNG and petrochemical sectors.
DTS focuses on supplying industrial thermal management equipment and is expected to benefit from future investments in LNG-related facilities and the expansion of global energy infrastructure.
* This article has been translated by AI.
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