On the 22nd, ADforus, which entered the KOSDAQ market through a Special Purpose Acquisition Company (SPAC) merger, is weak on its first day of listing.
As of 9:48 a.m. on the 22nd, ADforus is trading at 13,520 won, down 3,540 won (20.75%) from its initial price of 17,060 won in the KOSDAQ market.
ADforus pursued its listing through a merger with 'Shinyoung Happy Tomorrow No. 8 Special Purpose Acquisition Company'. The initial price is 17,060 won, and the underwriter is Shinyoung Securities.
Founded in 2014, ADforus operates a business based on its own data platform. It recorded a consolidated revenue of 31.7 billion won and an operating profit of 3.1 billion won last year.
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