Near Field Communication (NFC) fabless corporation ThreeA Logics is showing a strong gain of about 15% in the early trading on the 25th, the first day of its listing on the KOSDAQ market.
As of 9:41 a.m., ThreeA Logics is trading at 12,620 won, up 14.73% compared to the initial price of 11,000 won. At one point, ThreeA Logics' stock price rose by 35.55% to reach 14,910 won.
Earlier, ThreeA Logics confirmed the offering price at 11,000 won, lower than the desired range of 15,700 to 18,200 won, after conducting demand forecasting for institutional investors from Oct. 4 to 10. In the subscription held for general investors on Oct. 13 and 16, the competition ratio reached 58.46 to 1, with a margin of 149.3 billion won collected.