Iruda Public Offering Subscription Rate 3039:1 'Highest Competition Rate Ever'
[Asia Economy Reporter Changhwan Lee] Iruda, a beauty medical device manufacturer preparing for a KOSDAQ listing, recorded the highest subscription competition rate ever.
Mirae Asset Daewoo, the subscription underwriter, announced on the 28th that Iruda's general public offering subscription competition rate reached a record high of 3039.56 to 1.
The subscription deposit amounted to 4.1034 trillion KRW. Previously, TSI, listed on the KOSDAQ market, recorded this year's highest competition rate of 1621.1 to 1 in its general public offering subscription.
Founded in 2006, Iruda develops skin beauty medical devices that treat scars, wrinkles, and inflammatory diseases.
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During the demand forecast for institutional investors held on the 20th and 21st, the public offering price per share was set at the upper end of the desired range (7,500 to 9,000 KRW), at 9,000 KRW. The scheduled listing date is the 6th of next month.
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