Skylabs (386380), on its first day of trading on the KOSDAQ on the 4th, overcame early-session weakness and turned higher, rising to double its initial public offering price.

Skylabs shares are currently trading at 20,050 won, up 10,050 won (100.50%) from the offering price of 10,000 won. With the gain exceeding 100% over the IPO price, the stock has recorded a so-called 'double.'

However, the stock's movement on the day was not smooth. It showed instability early in the session, falling more than 10% below the offering price, but later recovered as buying interest flowed in. On its listing debut, the stock is showing sharp swings between weakness and strength.

It should be noted that newly listed stocks can move sharply in price as supply and demand become concentrated in early trading. As Skylabs is also showing large intraday price fluctuations, its future stock movement should be watched carefully.

Meanwhile, Skylabs is a digital healthcare company that develops solutions such as artificial intelligence (AI)-based health monitoring.

[This article is for reference only for making investment decisions and is not intended to solicit investment.]