[Alpha Biz=(Chicago) Reporter Paul Lee] E-commerce platform Cafe24 surged for the second consecutive trading day as it attracted 26 billion won in investment from Google, breaking its 52-week high price.
Cafe 24 closed at 26,400 won on the 7th, up 19.2% from the stock market. Cafe 24 started trading at the upper limit of 28,750 won and wrote a new 52-week report price. Cafe 24's stock price continued to soar, hitting the upper limit on the 6th after news broke that it attracted 26 billion won in investment from Google on the 5th.
Google's investment is carried out by a third-party paid-in capital increase and the issuance price per share is 14,770 won. The paid-in capital increase is due on January 31 next year. Cafe 24 plans to strengthen its partnership with Google and provide users with improved 'video commerce'.
Meanwhile, Cafe 24 was listed on the KOSDAQ in 2018 as the 'Tesla Listed No. 1' company. The Tesla requirement is a system that gives companies an opportunity to enter the stock market if they are deemed to have growth potential, even if they are not profitable.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
