Subscription Schedule for Public Offering Stocks in the Last Week of January

[Asia Economy Reporter Jang Hyowon] In the last week of this month (January), Rainbow Robotics, Wider Planet, Prestige BioPharma, and iQuest are preparing for their public subscription.

◆Rainbow Robotics= Rainbow Robotics is a robot platform specialist company that developed HUBO, the first humanoid bipedal walking robot in Korea. Utilizing core technologies of the robot platform, it develops and supplies innovative products such as bipedal walking robots, quadrupedal walking robots, and collaborative robots. The company plans to focus future investments on autonomous mobile robots and medical robots.

The institutional investor demand forecast competition rate recorded an all-time high of 1,489.9 to 1. The public offering price was set at 10,000 KRW, exceeding the upper limit of the desired range (9,000 KRW). Rainbow Robotics' public subscription dates are January 25-26. The lead managers are Mirae Asset Daewoo and Daishin Securities.

◆Wider Planet= Wider Planet is a company that provides big data on consumer behavior and preferences, as well as artificial intelligence (AI) platform services. It collects big data analyzing the consumption behavior of approximately 43 million anonymized individuals and offers personalized marketing content.

In the institutional investor demand forecast, it recorded a competition rate of 1,449 to 1. The public offering price was set at 16,000 KRW, exceeding the highest desired price (15,000 KRW). The public subscription dates for general investors are January 25-26. The lead manager is Korea Investment & Securities.

◆Prestige BioPharma= Singapore-based Prestige BioPharma is a pharmaceutical company focusing on the development of biosimilars and antibody drugs for cancer, rheumatoid arthritis, and other diseases. Its main pipeline, ‘HD201,’ is a representative targeted cancer therapy used not only for metastatic breast cancer but also for early breast cancer and metastatic gastric cancer, generating annual sales exceeding 8 trillion KRW.

In the institutional investor demand forecast, it recorded a competition rate of 819.76 to 1. The public offering price is 32,000 KRW. After the general investor subscription on January 25-26, it will be listed on the KOSPI in early next month. The expected market capitalization after listing is 1.9245 trillion KRW.

◆iQuest= Established in 1996, iQuest is a B2B (business-to-business) company that develops enterprise resource planning (ERP) software. It developed the ‘Eolmaeyo’ program, which can handle various tasks such as inventory management based on accounting functions. The company plans to expand into fintech businesses such as blockchain-based electronic contract systems and open banking services.

iQuest’s desired public offering price band is 9,200 to 10,600 KRW. The public subscription dates for general investors are January 27-28. The lead manager is Mirae Asset Daewoo.

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