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Last updated: November 14th, 2016 at 05:25 UTC+01:00
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For those who are unaware, the term market capitalization is used to denote the total market value of a company's outstanding shares. The market cap is calculated by multiplying the number of all outstanding shares of a company with the current price of one share. It can often be wrongly deemed to be the actual worth of the company's business. The market cap is normally used by the investment community to determine a company's size and not the health of its business.
Investors appear to be very interested in the prospects of Samsung's biotechnology division. Shares opened at 135,000 ($115) won and climbed up 6.67 percent on the first day of trading. They surged 12.15 percent on the second day of trading to close at 161,500 won ($138). Foreign investors are reportedly the most interested in buying shares of this division, data shows that they picked up 200 billion won worth of Samsung BioLogics shares.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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