Digital X-ray imaging corporation JPI Healthcare's stock rose over 40% in early trading on the 21st, the first day it was listed on the KOSDAQ market.
As of 9:17 a.m. on the same day, JPI Healthcare is trading at 28,800 won, a rise of 8,800 won (44%) compared to the public offering price of 20,000 won.
JPI Healthcare recorded a competition rate of 942.71 to 1 in a demand forecast conducted for institutional investors from the 1st to the 7th of this month. The public offering price was confirmed at the upper end of the desired range of 16,500 to 20,000 won.
In the public subscription for general investors held on the 11th and 12th of this month, a competition rate of 1,154.54 to 1 was observed. Approximately 4.56 trillion won was collected as subscription deposits. The listing underwriter is Kiwoom Securities.
Founded in 1980, JPI Healthcare's main business is a total solution covering the entire imaging diagnosis process, including key components for X-rays such as grids, next-generation medical imaging devices, and artificial intelligence (AI)-based medical image analysis software.
The company plans to allocate the funds raised through this IPO (Initial Public Offering) for enhancing production efficiency through the integration and expansion of production bases. It will use 13.2 billion won for facility funds and 5 billion won for debt repayment.