ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

IPO stocks in Thailand and South Korea surge on market debuts

Investors snap up shares in drugmaker SK Biopharm and glove producer Sri Trang

SK Biopharmaceuticals won approval in the U.S. for Xcopri, an epilepsy treatment last year. (Photo courtesy of  SK Biopharm)

SEOUL/BANGKOK -- Investors in Thailand and South Korea snapped up shares in newly listed companies on Thursday, driving them sharply higher after keenly anticipated initial public offerings.

Investors in SK Biopharmaceuticals, a drugmaker, and Sri Trang Gloves Thailand, which makes protective gloves, hope both companies can capitalise on demand after the coronavirus pandemic. Their shares rose 160% and 77% respectively above their IPO prices.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more