Business · Markets · 3 hrs ago
Intellivix shares rise 121% on first day of KOSDAQ trading
South Korean safety AI company Intellivix began trading on the KOSDAQ on October 30.
At 9:08 a.m., its shares were priced at 19,930 won, up 121.44% from the 9,000-won IPO price.
The price was recorded during early trading, so it does not show where the shares finished the day.
Before listing, Intellivix drew strong demand from institutional and retail investors.
A sharp first-day rise matters because it shows how investors valued the company when its shares became publicly traded.
The available information gives no further details about the company’s plans or what happened to the share price later.
Intellivix shares rose 121.44% above their IPO price on the company’s first day of trading on KOSDAQ.
At 9:08 a.m. on October 30, the shares traded at 19,930 won.
The IPO price was 9,000 won, making the gain 10,930 won per share.
The company specializes in safety artificial intelligence.
Intellivix had successful institutional investor demand forecasting and a retail investor subscription before listing.
- Who
- Intellivix, a safety artificial intelligence company.
- What
- Its shares rose 121.44% above the IPO price on their first day of trading.
- When
- October 30, at 9:08 a.m.
- Where
- The KOSDAQ market.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Intellivix had successful institutional investor demand forecasting and a retail investor subscription.
Intellivix shares traded at 19,930 won, up 121.44% from the 9,000-won IPO price.
- IPO price
- 9,000 won
- Trading price
- 19,930 won at 9:08 a.m. on October 30
- Gain
- 10,930 won, or 121.44%, above the IPO price
- Market
- KOSDAQ
- Company sector
- Safety artificial intelligence