On the 9th, TeraView, the first British corporations to list on the KOSDAQ market, saw its share price jump more than 80% on its first day of trading.
As of 9:31 a.m. on the 9th, TeraView was trading at 14,770 won, up 6,770 won (84.63%) from its IPO price (8,000 won). Early in the session, the share price jumped to as high as 15,500 won, approaching "double" (twice the IPO price).
TeraView is a British semiconductor and secondary-battery inspection equipment corporations. It is headquartered in Cambridge, United Kingdom. It develops advanced metrology equipment based on the "terahertz" (THz) electromagnetic wave, considered essential in semiconductor and secondary-battery manufacturing processes.
TeraView recorded a competition rate of 646 to 1 in a book-building for institutional investors held on the 13th to 19th of last month. A total of 1,811 domestic and overseas institutions participated, and the IPO price was set at the top end of the indicated range, 8,000 won.
In the public subscription for retail investors held on the 21st to 24th of last month, the competition rate was 42.7 to 1. A total of 213.7 billion won in subscription deposits was collected.