Wireless communications device maker Sena Technologies surged more than 170% from its offer price on the first day of its KOSDAQ debut on the 14th.
As of 9:10 a.m. that day, Sena Technologies shares were trading on the KOSDAQ at 154,300 won, up 171.65% (97,500 won) from the offer price (56,800).
Founded in 1998, Sena Technologies makes hands-free communications devices used for motorcycles, bicycles, and adventurous outdoor activities. It holds the No. 1 position worldwide in products for motorcycle team communications.
Sena Technologies posted, on a consolidation basis last year, revenue of 167.5 billion won, operating profit of 21.6 billion won, and net profit of 19 billion won.
Earlier, a total of 2,168 domestic and overseas institutions took part in the book-building for institutional investors. The competition rate came to 976.9 to 1. Of them, 97.1% indicated at or above the top end of the band, 56,800 won, and the final offer price was set at 56,800 won.