Korean NewCo IPOs Stumble; 17 of 20 Below Offer Price on July 22

According to the Korea Exchange, as of July 21, seventeen out of twenty newly listed South Korean companies have failed to recover their initial public offering prices, amid persistent market concentration in semiconductor stocks. The underperformance of new entrants has drawn investor attention away from non-chip sectors, with market participants watching whether second-half IPOs of major companies can revive investment sentiment.
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