On the 24th, the stock of Livsmed, a surgical instrument specialist that listed on the KOSDAQ market, is up more than 10%.
Founded in 2011, Livsmed is a corporations that commercialized the world's first 90-degree multi-joint handheld surgical instrument in the field of laparoscopic surgery and entered the KOSDAQ market through the technology exception listing system.
As of 9:31 a.m. on the 24th, Livsmed is trading on the KOSDAQ market at 60,900 won, up 5,900 won (10.73%) from the offering price (55,000 won). Early in the session, the share price jumped to 71,000 won.
Livsmed recorded a competition rate of 231 to 1 in the book-building for institutional investors held on the 15th–16th of this month. The offering price was set at the top end of the desired range, 55,000 won.
In the IPO subscription for retail investors held on the 15th–16th of this month, the competition rate was 390 to 1. A total of 6.6363 trillion won was collected as subscription margin.
Livsmed disclosed that it will use the proceeds from this offering to build an integrated production base, for research and development, and to improve related management systems.