AutoN, a platform company specializing in automobile supplies(14,800 ↑29.82%)It has been strong for the second day after the listing.
As of 9:17 am on the 21st, Auto& is trading at 14,800 won, up 3,400 won (29.82%) from the previous trading day.
AutoN was listed on the KOSDAQ market the day before and closed at 11,400 won, more than twice the public offering price of 5,300 won. The starting price was 8800 won.
Auto& was established in 2008 as an in-house venture of Hyundai Motor Group and spun off in 2012. After purchasing automobile consumables, inspection, car washing, etc., it has grown in size by establishing a distribution network in the ‘aftermarket’, a market created according to the demand for vehicle management.
Previously, Auto& was successful in demand forecasting for institutional investors and public offerings for general investors. Although the public offering price was set at 5,300 won, which is 10% above the top of the desired range (4200-4800 won), the competitive rate for subscription was 2,395 to 1.
Reporter Eunji Cha, Hankyung.com chachacha@hankyung.com
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