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(LEAD) Vaccine producer SK Bioscience makes strong stock market debut

Sumary of (LEAD) Vaccine producer SK Bioscience makes strong stock market debut:

  • Made a splash in its debut on the main bourse Thursday, closing at more than two times its initial public offering (IPO) price…
  • Instantly after the opening bell, its stock price soared to the daily permissible ceiling of 169,000 won (US$149.43), up 30 percent from its opening price and sharply up from the IPO price of 65,000 won…
  • The price hike raised the company’s market capitalization to 12.93 trillion won, up from 4.9 trillion won, making it the 28th highest-valued company on the main bourse…….

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