Justek shares surged more than 200% in early trading on the first day of their debut on the KOSDAQ market on the 29th.
As of 9:16 a.m. on the 29th, Justek shares were trading at 35,000 won, up 216.00% (27,000 won) from the offering price (12,500 won).
Founded in 1999, Justek develops and supplies ultra-precision motion systems. Its main products are high-precision control equipment for semiconductor packaging processes. Last year on a consolidation basis, it posted sales of 22.2 billion won and an operating loss of 800 million won.
Justek recorded a competition rate of 2,783.89 to 1 in a public offering subscription for retail investors on the 18th–19th.
Justek plans to use the proceeds from the offering to expand its semiconductor customer base and foster the space and aviation industry as a new business.