On the 27th, when Aromatica listed on the KOSDAQ market, the stock succeeded in a "double (twice the offer price)" in early trading.
As of 9:28 a.m. that day, Aromatica was trading on the KOSDAQ market at 22,000 won, up 14,000 won (175%) from the offer price (8,000 won). The share price jumped to as high as 31,500 won in early trading, achieving a "double (twice the offer price)."
From the 7th to the 13th of this month, Aromatica recorded a competition rate of 1,153 to 1 in demand forecasting for institutional investors. A total of 2,274 domestic and overseas institutions participated, and the offer price was set at the top end of the indicative range at 8,000 won.
In the public subscription for retail investors held over two days on the 18th and 19th of this month, the competition rate was 2,865.1 to 1. It was the highest figure among initial public offering (IPO) retail subscriptions carried out this year, and 8.5955 trillion won in subscription deposits was collected.
Aromatica is a clean beauty corporation based on aromatherapy, founded in 2001 with a mission to spread the culture of natural essential oils. Its flagship products include shampoo, hair tonic, body oil, and feminine cleanser.
The company plans to use the proceeds for facility investments and operating capital.