Cosmo Robotics, a company specializing in wearable robots, on the 11th hit a "ttatabbl" (four times the offer price) intraday on its first day of KOSDAQ listing.
As of 9:27 a.m., Cosmo Robotics shares were trading on the KOSDAQ market at 21,350 won, up 255.83% (15,350 won) from the offer price (6,000 won).
Cosmo Robotics jumped 300.00% right after the open, rising to 24,000 won.
Cosmo Robotics, which has medical and rehabilitation wearable robot technology, was founded in 2016.
From on the 27th to the 28th, it took subscriptions for the initial public offering from retail investors, recording a competition rate of 2,013.8 to 1 and gathering 6.29817153 trillion won in deposits.
The company plans to actively invest the 25.02 billion won raised through the listing offering to expand in global markets, including the United States, Japan, Russia, Europe and China.