On its first day of trading, LG CNS experienced a rocky debut, but it has seen a slight rise on its second day of trading.
According to the Korea Exchange on the 6th, as of 9:39 a.m., LG CNS is trading at 56,200 won, up 400 won (0.72%) from the previous trading day. It even showed a rise of over 2% in early trading.
LG CNS, which was regarded as the largest initial public offering (IPO) in the securities market this year, experienced a sharp drop of 9.85% on its debut day, falling below the offering price. This is interpreted as a result of the stagnant public offering market this year and controversies over duplicate listings.
LG CNS started trading at an opening price of 60,500 won the day before and remained below the offering price (61,900 won). Although it touched 61,900 won briefly in early trading, it could not break through due to the significant selling pressure of several hundred thousand shares. The lowest price recorded that day was 54,900 won.