First offering since July IPO improvement

Officials take a commemorative photo after delivering a commemorative plaque on the listing of the S2W KOSDAQ market at the Korea Exchange in Seoul on the 19th. From left, Kim Dae-young, vice chairman of the Korea IR Council, Min Kyung-wook, head of the KOSDAQ market division of the Korea Exchange, Park Geun-tae, vice chairman of S2W, Oh Ik-geun, CEO of Daishin Securities, and Kang Wang-rak, vice chairman of the KOSDAQ Association. [Photo = Yonhap News] 사진 확대

Officials take a commemorative photo after delivering a commemorative plaque on the listing of the S2W KOSDAQ market at the Korea Exchange in Seoul on the 19th. From left, Kim Dae-young, vice chairman of the Korea IR Council, Min Kyung-wook, head of the KOSDAQ market division of the Korea Exchange, Park Geun-tae, vice chairman of S2W, Oh Ik-geun, CEO of Daishin Securities, and Kang Wang-rak, vice chairman of the KOSDAQ Association. [Photo = Yonhap News]

S2W, a big data analysis company specializing in the dark web, succeeded in “Table (double public offering price)” in the early days of KOSDAQ listing.

According to the Korea Exchange on the 19th, S2W is trading at 25,200 won as of 10:17 a.m., up 90.91% (12,000 won) from its offering price (13,200 won).

Immediately after the opening, it started trading at 26,000 won, a 96.97% jump from the public offering price, and then soared to 27,700 won at one point during the day.

In the demand forecast for institutional investors conducted for five trading days from the 2nd to the 8th, S2W recorded a competition ratio of about 1,145 to 1, confirming the offering price at the top of the desired range.

It also met the requirements of the institution’s priority allocation system. S2W had been in the spotlight as the first public offering candidate since July’s IPO system was improved.

Subsequently, the general investor subscription conducted from the 10th to the 11th was also successful, collecting 5.14 trillion won in deposits at a competition ratio of 1973 to 1. Daishin Securities Co., Ltd. is the organizer of the listing.

Founded in 2018, S2W has developed special-purpose big data collection and analysis technologies such as dark web and virtual assets. It has worked with international organizations, including Interpol, to conduct business in public and private sectors.

S2W plans to use the public offering funds secured by the listing to establish overseas subsidiaries and build data centers.