Business · Markets · 2 hrs ago

MS Bio shares rise 73% on first day of KOSDAQ trading

MS Bio shares rise 73% on first day of KOSDAQ trading

MS Bio began trading on South Korea’s KOSDAQ market on October 22.

The company works in regenerative medicine, using human tissue and biological materials.

Its shares were up 73.33% from the offer price at 9:12 a.m.

local market time.

They were trading at 13,520 won, compared with an offer price of 7,800 won.

The stock’s first-day rise followed strong demand in the retail share offering held on October 12 and 13.

That offering drew 1,538.51 applications for each share available.

The available information does not say what will happen to the share price next.

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