Global Technology, Bigwave Robotics Surge on Listing Debut [Stock NOW]

[Financial News] Global Technology and Bigwave Robotics, newly listed on KOSDAQ, are both rising early in the trading session.
According to Korea Exchange (KRX) on the 29th, as of 9:43 a.m., Global Technology was trading at 27,500 won, up 175.00% from its IPO price of 10,000 won.
Bigwave Robotics was trading at 54,500 won, up 202.78% from its IPO price of 18,000 won.
Global Technology, a fabless company specializing in LED driver semiconductors, set its final IPO price at 10,000 won after recording a 123.19-to-1 competition ratio in institutional demand forecasting. Its public offering subscription for retail investors recorded a 57.15-to-1 competition ratio.
Bigwave Robotics, a robotic automation platform company, set its IPO price at 18,000 won, the upper end of its indicated range of 15,000–18,000 won. A total of 2255 institutions participated in the institutional demand forecast, resulting in a competition ratio of 1109.37 to 1. The public offering subscription for general investors recorded a competition ratio of 1375.34 to 1.
[email protected] Joo Won-kyu Reporter