(Bloomberg) -- Shares of Samsung Card Co., South
Korea's third-largest credit-card issuer, rose as much as 31
percent on their first day of trading on demand from investors
who were unable to buy stock during its initial public offering.
Samsung Card's stock gained as much as 14,900 won to 62,900
won from the share sale price of 48,000 won. It was trading at
62,500 won at 9:06 a.m. in Seoul. Individual investors applied
for 103 times the number of shares offered in Samsung Card's 576
billion won ($622 million) IPO.
Read more at Bloomberg Emerging Markets News
Korea's third-largest credit-card issuer, rose as much as 31
percent on their first day of trading on demand from investors
who were unable to buy stock during its initial public offering.
Samsung Card's stock gained as much as 14,900 won to 62,900
won from the share sale price of 48,000 won. It was trading at
62,500 won at 9:06 a.m. in Seoul. Individual investors applied
for 103 times the number of shares offered in Samsung Card's 576
billion won ($622 million) IPO.
Read more at Bloomberg Emerging Markets News
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