Samsung SPAC No. 13 is surging about 145% on its first day of listing on the 21st.

Amid shock from the Greenland incident, the KOSDAQ index is displayed on the dealing room board at the Hana Bank headquarters in Jung-gu, Seoul, on the morning of the 21st as U.S. stocks plunge across the board. /Courtesy of News1

As of 9:30 a.m., shares of Samsung SPAC No. 13 are trading on the KOSDAQ market at 4,910 won, up 145.50% (2,910 won) from the offering price (2,000 won). During intraday trading, they rose as much as 155% from the offering price to 5,100 won.

SPAC stocks are special-purpose listed companies established to help unlisted corporations go public through mergers.

Samsung SPAC No. 13 is pursuing a merger with corporations operating in industries such as renewable energy, biopharmaceuticals and medical devices, IT convergence systems, LED applications, green transportation systems, carbon-reduction energy, advanced water treatment, advanced green cities, broadcasting and telecommunications convergence industries, robotics applications, new materials and nano convergence, high value-added food industry, entertainment, auto parts manufacturing, IT and semiconductors.

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