[Alpha Biz=(Chicago) Reporter Kim Jisun] LS Materials, which surpassed 3 trillion won in market capitalization in just six trading days after its listing the previous day, has continued its upward trend on the 20th. It continued to be strong for four consecutive trading days until this day, rising to eight times the public offering price within a week of listing.
According to the Korea Exchange, LS Materials is trading at 46,400 won as of 2:09 p.m., up 2.20% from the previous day.
Stock prices rose to 51,500 won in early trading.
After listing on the KOSDAQ market, it rose eight times over the seven trading days, excluding just one day on the 14th, compared to the public offering price (6,000 won).
The market capitalization, which stood at 1.6237 trillion won on the listing date, is also surging. LS Materials, which posted a 300% increase on the first day of its listing and ranked 25th in the KOSDAQ market capitalization, has a market capitalization of more than 3 trillion won. It ranks 12th on the KOSDAQ by market capitalization.
LS Materials is a subsidiary of LS Group's Ultracapacitor (UC) manufacturing subsidiary and listed on the 12th. On the day of the listing, LS Materials closed at 24,000 won, up 300% from 6,000 won.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
