[Alpha Biz=(Chicago) Reporter Paul Lee] Eco Materials' trading value, which has been 12 trading days since it was listed on the stock market, surpassed Samsung Electronics, the No. 1 in market capitalization, and Doosan Robotics' trading value, which was recently listed, accounted for 20% of the KOSPI's total trading value.

As Eco Materials' shares have nearly quadrupled since its listing, amid signs of a craze in the initial public offering (IPO) market, there are voices calling for caution against "don't ask investment" in new stocks.

According to the Korea Exchange on the 5th, the transaction amount was tallied at 11.5785 trillion won from the 17th of last month when Eco-Promaterials was listed to the 1st of this month, the latest trading day.

Since the listing of Eco Materials, Samsung Electronics has fallen to second place with only 8.2327 trillion won in transaction value, while Doosan Robotics, which was listed in early October. Doosan Robotics' transaction amount was 6.7565 trillion won, nearly double that of SK Hynix (3.548 trillion won) during the same period. In the fourth quarter, the combined transaction amount of newly listed stocks, EcoPromerty and Doosan Robotics, accounted for 20% of the total transaction amount in the securities market. In terms of market capitalization, KOSPI ranks 40th and 59th, respectively.

As the buying trend increased, Eco Materials shares rose 136.4% and Doosan Robotics rose 72.76%. EcoProMerty shares gained ground on the news that EcoProbM signed a 44 trillion won contract with Samsung SDI. It surged 12.17% in the early part of the market and then reduced the rise, trading at 142,000 won as of 9:55 a.m., up 4.11% from the previous trading day.

LS Materials is expected to be the biggest beneficiary of the Eco-Promaterials effect. The company's public offering price was confirmed at 6,000 won, with 94.5% of the 2,025 investors offering prices above the top in its institutional demand forecast from the 22nd to the 28th of last month. LS Materials, which produces ultra capacitor (UC), a large-capacity energy storage device used in electric vehicles, was expected to be sluggish in predicting institutional demand, with a drop in sales in the January-October period of this year (-18.2%) compared to the same period last year, but it made an unexpected success with a competition rate of 396.8 to 1. Market watchers say that the company has made a turnaround due to the eco-promity effect. Interest is expected to grow in general investor subscriptions, which will continue to this day following the 1st.

 

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