The IPO price was set at 135,000 won ($118) but within minutes of the Kospi exchange opening the stock was trading at 330,000 won.
His death came a day after his former secretary filed a police complaint -- said to involve sexual harassment -- against him.
Samsung Electronics shares were trading up 1.7 percent on Tuesday, having fallen nearly 20 percent from a record high in January.
The BTS concerts are the latest events to be cancelled or postponed as the outbreak has spread in the world's 12th-largest economy.
A total of 100 new cases were confirmed, 85 of them connected to the Shincheonji Church of Jesus
The premium smartphone market has also grown fiercely competitive with buyers waiting longer before upgrading to new models.
Lee Jae-yong is vice-chairman of Samsung Electronics -- where profits have been falling for months -- and was jailed for five years in 2017.