Orostech Draws Attention from Institutions, Subscription Expected to Be Record-Breaking Success

1400 Institutions Participate in Demand Forecast
Competition Rate 1260 to 1
All Propose Above Upper End of Desired Offering Price
Subscription for General Investors on 15-16

[Asia Economy Reporter Lim Jeong-su] Oros Technology's KOSDAQ initial public offering (IPO) subscription competition rate is expected to continue its record-breaking success. Over 1,400 investment institutions participated in the demand forecast for institutional investors held on the 8th and 9th, recording a competition rate of 1,260 to 1.

Oros Technology announced on the 15th that it has finalized the public offering price at the upper end of the desired price band of 21,000 KRW and is accepting subscriptions from general investors for two days starting today. It is reported that applications for allotment of public offering shares are lining up at the subscription window.

Oros Technology has already demonstrated the potential for unprecedented success in the demand forecast for institutional investors. According to Kiwoom Securities, the lead underwriter, more than 1,400 investment institutions participated in the demand forecast conducted on the 8th and 9th, recording a high competition rate of 1,260 to 1.

A Kiwoom Securities official stated, "All institutional investors who participated in the demand forecast offered prices above the upper end of the desired public offering price," adding, "The lock-up commitment reached 37%, indicating strong investor interest."

Accordingly, Oros Technology's public offering price was set at 21,000 KRW, the upper end of the desired price band. The market capitalization after listing is 195.5 billion KRW based on the public offering price. Oros Technology will be listed on the KOSDAQ market on the 24th after the subscription period.

A Kiwoom Securities official evaluated the success of the demand forecast by stating, "The metrology field, which critically affects semiconductor process yield, has high growth potential, and Oros Technology possesses technology and rarity competitive enough to rival the global semiconductor metrology leader, the US company KLA."

Oros Technology is the only company that has succeeded in domestic production of misalignment measurement equipment used in the lithography process, a semiconductor front-end process, based on its independently developed core technology. It is evaluated to have world-class technological capabilities, securing 42 domestic and international patents and other core technologies.

Oros Technology currently holds a global market share of 5% in misalignment measurement equipment and plans to increase it to 15% by 2023. To this end, it plans to use the 39.9 billion KRW raised through the IPO for investment in technology and market expansion.

Lee Jun-woo, CEO of Oros Technology, said, "As semiconductor production technology advances in both memory and non-memory fields, the importance of metrology and inspection technology is also increasing," adding, "We will use the funds secured through this public offering to lay the foundation for growing into a competitive domestic leading company in the global market."

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