On the first day of d'Alba Global, which operates the cosmetics brand 'd'Alba,' being listed on the Korea Securities Market on the 22nd, the stock price is rising.
As of 9:04 a.m. on that day, d'Alba Global is trading at 115,400 won, an increase of 49,100 won (74.06%) compared to the offering price of 66,300 won.
d'Alba Global recorded a competition rate of 1,140.88 to 1 in the demand forecast conducted for institutional investors from the 28th of last month to the 7th of this month. A total of 2,225 domestic and foreign institutions participated, and the offering price was confirmed at the upper end of the desired range (54,500-66,300 won) at 66,300 won. The proportion of firm commitment orders accounted for about 24% of the total order volume in the demand forecast, the highest figure among corporations going public (IPO) this year.
In the subscription for public shares for general investors conducted over two days on the 9th and 12th, a competition rate of 1,112.03 to 1 was observed. Approximately 7.7 trillion won was gathered as subscription deposits.
d'Alba Global plans to expand its offline distribution channels in major global markets such as Japan, North America, and Europe since being listed and will actively enter markets in China, ASEAN, the Middle East, and India.