Apro Attracts 4.7 Trillion Won in Deposit for IPO Subscription

[Asia Economy Reporter Park Hyungsoo] A-pro, a secondary battery equipment manufacturing company, recorded a subscription competition rate of 1582.52 to 1 in the general public offering subscription as well.

A-pro announced on the 9th that approximately 4.6759 trillion KRW was raised as deposit money from general investors during the two-day public offering subscription held on the 8th and 9th.

Earlier, A-pro confirmed the public offering price at 21,600 KRW after conducting demand forecasting targeting institutional investors.

A-pro has secured a product portfolio covering all fields of activation process equipment, which is the core of secondary batteries. It can directly benefit from the expansion of demand in the upstream secondary battery market. It also plans to add new business areas such as the development of next-generation power semiconductor devices.

Lim Jonghyun, CEO of A-pro, said, "During the IPO process, we made efforts to promote A-pro's competitiveness and sustainable growth potential," adding, "We will show continuous growth by catching the two rabbits of growth and profitability."

A-pro will be listed on the KOSDAQ market on the 16th.

This content was produced with the assistance of AI translation services.