General Subscription Schedule for Public Offering Stocks in the Third Week of March

[Asia Economy Reporter Jang Hyowon] In the third week of this month (March), Giant Step and Genoco will conduct public subscription for their upcoming listings on the KOSDAQ market.

◆Giant Step= Founded in 2008, Giant Step is a company specializing in visual effects for video. It is expanding its business into immersive new media content such as virtual reality (VR), augmented reality (AR), interactive design, and holograms, in addition to advertising and films. Recently, it has been gaining attention as a 'metaverse' related company.

Giant Step has maintained long-term partnerships with Samsung Electronics, Hyundai Motor, Kia Motors, SM Entertainment, and others. It has produced about 500 TV commercials, new media videos, and film special effects annually. Since entering the U.S. market in 2017, it has been an official vendor for global content producers such as Walt Disney, Netflix, Google, and NBC Universal.

Through this public offering, Giant Step plans to raise up to 15.4 billion KRW. The funds raised will be used for facility investments such as building additional virtual studios and for research and development. The general investor subscription period is from the 15th to the 16th of this month. The lead underwriter is Korea Investment & Securities.

◆Genoco= Established in 2004, Genoco has grown based on differentiated information and communication technology in the satellite and defense industry sectors. Its main businesses include ▲satellite payloads ▲satellite ground stations ▲avionics equipment ▲electrical ground support equipment (EGSE) and inspection equipment ▲development of core components for the defense industry.

The public offering price was set at 36,000 KRW, exceeding the top end of the expected price band of 27,000 to 33,000 KRW, based on demand forecasting conducted over two days from the 9th to the 10th, with participation from a total of 1,391 institutional investors. The number of shares offered is 490,000, and through this offering, Genoco plans to raise approximately 17.6 billion KRW.

Genoco plans to use the funds raised from this offering to strengthen its competitiveness in the aerospace business by advancing satellite payload technology. Additionally, it aims to expand overseas based on its network with global major corporate clients formed through projects such as ANASIS-II and 425.

Genoco will conduct general subscription from the 15th to the 16th. The lead underwriter is DB Financial Investment, and the scheduled listing date is the 24th of this month.

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