The share price of Elice (0158S0) has surpassed its initial public offering (IPO) price for the first time since its KOSDAQ listing. The stock, which plunged on its debut day, has extended gains for a second consecutive day, drawing keen market attention.

As of 9:46 a.m. on the 22nd, Elice was trading at 95,900 won, up 20.02% from the previous day. This is 10,900 won above its IPO price of 85,000 won.

The stock's rapid rise early in the session triggered the Volatility Indication (VI) mechanism. According to the Korea Exchange, a static VI was triggered for Elice at 9:08:11 a.m. and lifted at 9:10:33 a.m. Another static VI was triggered at 9:09:57 a.m. and lifted at 9:12:01 a.m.

Elice's recent share price movement contrasts sharply with its debut day. Newly listed on the KOSDAQ market on the 20th, Elice fell 31.93% on its first trading day. Contrary to the expectations of IPO subscribers, the stock showed a steep decline immediately after listing.

However, the mood changed abruptly the following day, the 21st. Buy orders flowed in from early in the session, driving the stock to the daily limit high, and on the 22th it continued rising, surpassing its IPO price.

With the stock experiencing a sharp plunge on its debut day, a limit-up the next day, and a recovery above the IPO price shortly after, attention is now focused on its future trajectory.

[This article is intended to provide information for investment reference purposes and does not recommend the purchase or sale of any specific stock. Investment decisions and the responsibility for them rest with the investor.]