Seoul Viosys, Subscription Competition Rate 942.7 to 1... KOSDAQ Listing on March 6

[Asia Economy Reporter Minji Lee] Seoul Viosys, a global LED device development company, announced on the 28th that the public offering subscription for general investors recorded a competition rate of 942.7 to 1. The company is completing the procedures for listing on KOSDAQ and will be listed on the KOSDAQ market on the 6th of next month.

The public offering shares for general investors of Seoul Viosys amount to 400,000 shares, which is 20% of the total 2 million shares. During the two-day subscription period, a total of 377,081,150 shares were applied for. The subscription deposit scale is approximately 1.414 trillion KRW.

Before the public subscription, Seoul Viosys recorded a simple competition rate of 1,119 to 1 in the demand forecast, confirming the offering price at the top end of the desired range, 7,500 KRW.

A KB Securities official said, “There was much interest and encouragement from many market participants regarding the corporate value of Seoul Viosys, which leads the global LED market, allowing the public offering to be completed smoothly.”

Seoul Viosys possesses core technologies that will lead the second generation of the global LED market, based on excellent competitiveness in LED device development and manufacturing. Earlier this year, it unveiled the ‘Micro Clean Pixel’ for the first time at the Consumer Electronics Show (CES 2020) held in Las Vegas, USA.

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