F&B Kyochon “Chicken Kyochon”, 29.98% on first day of listing ↑ … 2.5 times the public offering

Kyochon F&B, famous for “Kyochon chicken”, closed at a high price on the 12th, the first day of the KOSPI listing.

On the same day, on the stock exchange, Kyochon F&B closed at 31,000 won, up to the price limit (29.98%) compared to 23,000,850 won.

This is 2.5 times (152.03%) of the public offering price (12,300 won).

Immediately after the opening, the stock’s price fell slightly from its initial price. However, it quickly increased the rate of increase, continued to rise by around 20% and rose to the upper limit at the last minute.

As of 3:30 pm that day, Kyochon F & B’s daily transaction amount was 8102 billion won, ranking 2nd in the KOSPI after Samsung Electronics (1.68 trillion won), excluding ETFs.

Founded in 1991, Kyochon F&B is the first company in the sales chicken franchise business to be listed directly on KOSPI as a restaurant franchise.

Prior to listing, the competition rate for forecasting institutional demand was 999.44 to 1 and the public supply price was set at the maximum of the desired range. The overall subscription competition rate also recorded a high level of 1,318.29: 1.

Park Jong-seon, researcher at Eugene Investment & Securities, said: “Kyochon F&B is expected to maintain stable growth based on its dominance in the domestic market.” done.

Reporter Kim Hyun-joo [email protected]

Photos = Yonhap News