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Kido Industry Shares Slide on KOSDAQ Debut Amid Market Downturn
Consumer Non-Durables · Apparel/Footwear · yonhap_finance · 2026-08-21
282620
Apparel manufacturer Kido Industry saw its shares drop below the IPO price on its first day of trading on the KOSDAQ, pressured by a broader market sell-off.
What Happened
Market Debut Performance: Apparel manufacturer Kido Industry experienced a weak start on its KOSDAQ debut, with shares falling over 7% from their IPO price. During intraday trading, the stock dipped as much as 13.20% below the offering price of 28,400 won.
Broader Market Sentiment: The decline reflects a challenging market environment, as both the KOSPI and KOSDAQ indices faced significant downward pressure. Widespread negative sentiment among investors has dampened the performance of newly listed companies.
Company Background: Kido Industry specializes in the production of outdoor apparel and motorcycle protective gear. The company operates as an OEM and ODM supplier, providing products to various global brands.
IPO Details: The company successfully priced its IPO at the top of its target range at 28,400 won following an institutional demand forecast that saw a competition ratio of 213.3 to 1. The subsequent public subscription attracted approximately 33 billion won in deposits with a competition ratio of 5.5 to 1.