Giantstep, Public Offering Price 11,000 KRW

[Asia Economy Reporter Hyungsoo Park] Giant Step has set its public offering price at 11,000 KRW.

Visual effects (VFX) company Giant Step announced on the 12th that it recorded a demand forecast competition rate of 1,691.65 to 1 after conducting a two-day demand forecast for institutional investors from the 9th to the 10th.

Giant Step allocated 925,503 shares, accounting for 66.1% of the 1.4 million new shares to be issued through its initial public offering (IPO), to institutions.

Co-CEOs Seungbong Ha and Jicheol Lee of Giant Step said, "We prioritized the interests of all prospective shareholders participating in the public offering, including employees, and decided the public offering price within the initially proposed range." They added, "Even after listing on KOSDAQ, Giant Step will focus on what it does best and strive to share sustainable profits with shareholders, who are both investors and partners."

Giant Step will accept subscription applications for public offering shares from general investors on the 15th and 16th. Korea Investment & Securities is managing the listing.

Giant Step has successfully commercialized future-oriented video content technologies such as virtual human development and extended reality (XR) live performances based on real-time engine technology. It owns its own virtual studio, securing a one-stop production solution from content planning to broadcasting.

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