On the 26th, MEZOO is strong on its first day of entering the KOSDAQ market.
MEZOO is a Digital Healthcare corporations founded by doctoral researchers in biomedical engineering at Yonsei University Wonju Campus, and develops a platform that fills monitoring gaps inside and outside hospitals based on biometric signal measurement and analysis technology.
As of 9:12 a.m. on the day, MEZOO is trading at 66,200 won, up 44,600 won (206.48%) from the offering price (21,600 won). Right after the open, it succeeded in a "triple (three times the offering price)."
On the 16th and 17th, MEZOO recorded a competition rate of 2,428.25 to 1 in the IPO subscription for retail investors conducted over two days. The number of subscriptions was 414,962, and the deposit totaled 8.8182 trillion won.
Earlier, in the bookbuilding for institutional investors held from the 5th to the 11th, 2,320 domestic and overseas institutions participated, recording a competition rate of 1,108.93 to 1. The offering price was set at 21,600 won, the top end of the indicated band (16,700–21,600 won).
Meanwhile, MEZOO plans to use the funds secured through this offering to build distribution networks centered on the North American and European markets, expand local sales, marketing, and joint research, and advance AI-based prediction and diagnosis technologies.