Business · Companies · 2 hrs ago
AI infrastructure software firm Lablup jumps 40% on KOSDAQ debut
Lablup shares climbed 40.53% on their first trading day on South Korea’s KOSDAQ market.
At 9:06 a.m.
on Nov.
3, they traded at 26,700 won, up 7,700 won from the 19,000-won offering price.
Lablup develops software to manage and operate AI infrastructure.
Founded in 2015, the company works on using computing resources such as graphics processing units and neural processing units efficiently.
Its listing brought the company onto the KOSDAQ market, a South Korean stock exchange.
The share-price rise shows strong demand at the start of trading, but the information provided does not say how the price moved afterward.
Lablup shares rose about 40% in early trading on their first day on KOSDAQ.
At 9:05 a.m., Yonhap reported the shares at 27,650 won, 45.53% above their 19,000-won offer price.
The shares opened at 19,000 won and briefly reached 28,350 won, Yonhap reported.
Lablup develops Backend.AI, a platform for allocating and managing computing resources such as AI chips.
- Who
- Lablup, an AI infrastructure software company.
- What
- Its shares rose about 40% in early trading on their first day on KOSDAQ.
- When
- November 3, 2026. The reported prices were from around 9:05 to 9:06 a.m.
- Where
- The KOSDAQ market in South Korea.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Lablup shares began trading at their 19,000-won offer price.
Yonhap reported the shares at 27,650 won after they briefly reached 28,350 won.
Chosun Ilbo reported the shares at 26,700 won, up 40.53% from the offer price.
- Offer price
- 19,000 won
- Yonhap price at 9:05 a.m.
- 27,650 won
- Intraday high reported by Yonhap
- 28,350 won
- Chosun Ilbo price at 9:06 a.m.
- 26,700 won
- Product
- Backend.AI