Kyochon F&B Sets IPO Price at 12,300 Won... Total Offering Amount 71.3 Billion Won

Competition Ratio Recorded at 999.4 to 1

[Asia Economy Reporter Choi Saeng-hye] Chicken franchise company Kyochon F&B announced on the 2nd that it has finalized the public offering price at the upper limit of 12,300 KRW following the demand forecast conducted for institutional investors on the 28th and 29th of last month.

A total of 1,109 institutional investors participated in this demand forecast, recording a competition rate of 999.4 to 1. The initial public offering price range was 10,600 KRW to 12,300 KRW, and based on the demand forecast results, the upper limit price of 12,300 KRW was decided, with the total public offering amount confirmed at 71.3 billion KRW.

Among the 1,109 participating institutions, 1,010 institutions, accounting for 91.1%, offered prices at or above the upper limit, demonstrating strong interest from both domestic and foreign institutional investors.

Meanwhile, the public subscription for general investors of Kyochon F&B will be held over two days on the 3rd and 4th, with 1.16 million shares, accounting for 20% of the total public offering volume, allocated. General investors can apply for subscription through the lead underwriter Mirae Asset Daewoo, and Kyochon F&B is scheduled to be listed on the KOSPI market on the 12th.

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