Curiosis, a laboratory automation equipment specialist corporations, recorded a "double-double" (four times the offer price) on the first day of its KOSDAQ market listing on the 13th.
As of 10:06 a.m. that day, Curiosis shares were trading at 88,000 won, up 300% (66,000 won) from the offer price (22,000 won).
Curiosis said that in the public offering subscription for retail investors held on the 4th to 5th, more than 660 million shares were ordered for 300,000 shares on offer. The combined subscription competition rate came to 2,203.97 to 1. The subscription deposit also reached about 727 billion won.
Curiosis is a lab automation equipment corporations specializing in the development and manufacturing of imaging and separation equipment for new drug development and cell therapy production. It posted consolidated revenue of 5.4 billion won and an operating loss of 6.2 billion won last year.