[Alpha Biz=(Chicago) Reporter Kim Jisun] Blue M-Tec, called Coupang in the pharmaceutical industry, was successful in the initial public offering (IPO). Stock prices on the listing date rose 168.42% from the initial public offering price. However, it is expected that the possibility of a drop in stock prices will be noted as the volume of stocks available for distribution will surge three months later.

According to the Korea Exchange on the 14th, the stock price of Blue M-Tec, which was listed on the same day, rose 168.42% from 19,000 won to 51,000 won. At one point in the day, the price rose 296.84% compared to the public offering price as it rose to 75,400 won, but fell later in the market.

The price limit on the first day of listing is 60-400% of the public offering price. Previously, stock prices were formed in the range of 63-260% of the public offering price. The reason why the standards have changed is a follow-up to the "IPO market soundness improvement plan, including the prevention of imaginary subscriptions," announced by the Financial Services Commission last year.

In April, the Korea Exchange revised the enforcement rules of its business regulations to improve the method of determining the standard price of new listed items on the new listing date and expand the price limit. It has been in effect since June 26. The plan is aimed at expanding the price limit to induce the market to quickly determine stock prices that match demand and supply balance on the day of the new listing.

 

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