Shares of NAU Robotics, listed on the Korea Securities Dealers Automated Quotations (KOSDAQ), are weak at the beginning of trading on the 9th. This is interpreted as a result of weakened investor sentiment following the release of some shares from institutional investors who received initial public offering shares last month.
As of 9:33 a.m. on this day, shares of NAU Robotics are trading at 25,650 won, down 1,900 won (6.9%) compared to the previous trading day.
The robot automation system specialist NAU Robotics was listed on the Korea Securities Dealers Automated Quotations (KOSDAQ) on the 8th of last month. On the first day of listing, it formed an initial transaction price of 17,000 won, more than twice the public offering price (6,800 won), and closed at 15,400 won. This represents a 126% increase compared to the public offering price. Since then, the stock price has risen to the 30,000-won range in just over a month.
While the stock price has continued on an upward trend, 41,410 shares of institutional investors' mandatory holding period were released on the 8th, which is interpreted as a result of this day's selling volume. The released shares on the 8th represent 11.91% of the total outstanding shares of NAU Robotics.