GUTC Stock Soars 102% on First OTC Trading Day, Reaching NT$160
2024-09-02
GUTC (Stock Code: 6739), a semiconductor equipment manufacturer, went public on the OTC market on September 2 at NT$75 per share. On its first day of trading, the stock surged NT$76.5 to close at NT$151, a 102% rise. The price reached an intraday peak of NT$160, earning IPO subscribers up to NT$85,000 per lot. Chairman Fang Tai-You stated that the company’s growth and competitiveness are poised to accelerate as global wafer and memory fab expansions drive revenue growth.