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Newly listed Lemon Healthcare (365660) surged more than 50% in early trading on the Kosdaq.
According to the Korea Exchange, Lemon Healthcare was trading at 15,700 won as of 9:50 a.m. on the 6th, up 57.00% from its offering price of 10,000 won.
Lemon Healthcare is a digital healthcare platform company connecting hospitals and patients, offering various medical services through a mobile app, including appointment booking, registration and payment, electronic prescriptions, indemnity insurance claims, and health checkup result inquiries.
Building on its experience developing medical information systems, primarily for university and general hospitals, the company supplies digital platforms for hospitals and is also expanding its customized healthcare business using medical MyData and personal health record (PHR) services.
Lemon Healthcare conducted a two-day public subscription for retail investors starting on the 24th of last month, recording a competition ratio of 1,511 to 1. The number of subscription applications reached 313,347, with margin deposits totaling 3.7764 trillion won.
In the earlier demand forecast for institutional investors, 2,233 institutions participated, recording a competition ratio of 1,238 to 1. The offering price was set at 10,000 won, the top of the desired band (7,500 to 10,000 won).
Hong Byung-jin, CEO of Lemon Healthcare, emphasized, "With this listing as an opportunity, we will further strengthen the competitiveness of our medical data brokerage platform and begin building infrastructure for the distribution and trading of medical data for AI training, growing into a company that connects the medical AI ecosystem."
