Categories
South Korea Market

SK Bioscience scores big debut, opening at doubled price, hitting daily ceiling2021.03.18 11:39

Sumary of SK Bioscience scores big debut, opening at doubled price, hitting daily ceiling2021.03.18 11:39:

  • Which made records in IPO subscription made equally stunning debut on Thursday, opening at doubled price and instantly hitting the daily ceiling on its first day to become 28th on the Kospi with market cap of around 13 trillion won ($11.6 billion)…
  • The double win on the debut day after IPO priced at the top end was widely expected given the record retail deposits of 63.6 trillion won to subscribe to the new share…
  • The stock will be watched if it can beat its sister SK Pharmaceuticals that kept up a hot streak of gaining by the daily permissible limit in the following days when it debuted in July last year…
  • When SK Bioscience soars by the daily limit on Friday, the firm market cap would reach 16.8 trillion won, which would make the biotech firm No…
  • Retail investors who were lucky to get a piece of the hot stock during the public subscription last week would have earned 154,500 won per share, or 238 percent return, if the stock price hits 219,500 won on the second trading day….

Want to know more click here go to source.