Shares of LK CHEM, a semiconductor precursor materials specialist, are weak the day after entering the KOSDAQ market.
Shares of LK CHEM traded at 55,300 won at 9:59 a.m. on the 26th, a decline of 5.95% (3,500 won) from the previous day. LK CHEM showed weakness from the beginning of the session but rebounded to 63,300 won during the day before losing steam.
LK CHEM listed at an offering price of 21,000 won the previous day and finished the session at 58,800 won, up 180% (37,800 won). During the session, the stock price even soared to 77,800 won. However, the bullish trend does not seem to continue through that day.
LK CHEM is a company that develops and manufactures ligands and precursors for atomic layer deposition (ALD) processes in semiconductors. LK CHEM plans to use the funds raised through its initial public offering (IPO) to build production facilities for precision organic chemical materials and high-purity chemical materials.