Hi Investment & Securities Signs IPO Lead Underwriting Agreement with NowTechnics
[Asia Economy Reporter Ji-hwan Park] Hi Investment & Securities announced on the 29th that it signed a lead underwriting agreement for the KOSDAQ listing with Now Technics at its headquarters in Yeouido, Yeongdeungpo-gu, Seoul.
At this signing ceremony, Hi Investment & Securities entered into an agreement with Now Technics, a robot automation specialist company, aiming for a KOSDAQ listing to support the business growth and competitiveness enhancement of Now Technics.
Founded in 2016, Now Technics is leading the industry by launching the ‘6-axis multi-joint robot for injection molding machines,’ which resolves the complex operation drawbacks of industrial multi-joint robots. The company plans to build a rich robot portfolio including delta robots, SCARA robots, and high-speed collaborative robots.
The domestic robot industry is expected to establish itself as a new growth engine for South Korea, driven by rapid market growth and active government support. Now Technics achieved sales of 8.6 billion KRW last year, marking a rapid growth of 168% compared to the previous year, solidifying its position in the industry and maintaining continuous profitability since its founding.
As the IPO lead underwriter, Hi Investment & Securities will provide related advisory services, business expansion strategy consulting, and systematic corporate finance solutions to foster the company, aiming for the successful KOSDAQ listing of Now Technics.
Through the listing, Now Technics plans to lay the foundation for mass production of robots and seek business expansion toward pioneering overseas markets.
Hot Picks Today
"Suspicious Timing?"...Trump Traded Stocks After Praising Wartime Capabilities
- "Even If I Lose My Investment, the Government Will Cover It"... The Fund Attracting Retail Investors' Attention [Weekend Money]
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "I Went to 10 Convenience Stores and Still Couldn't Buy It": The Bread Sensation That Sold 100 Million Units Already [The Way We Shop Now]
- "Contact Me First If Houses Are Built": Wealthy Clients Eyeing... Will Ultra-High-End Residences Worth 20 Billion Won Be Developed? [Real Estate AtoZ]
Moon Jung-woon, Head of IB Division at Hi Investment & Securities, said, "Based on our IPO know-how and expertise, we will successfully promote Now Technics’ KOSDAQ listing," adding, "We will do our best to ensure the listing is conducted under the best conditions to further enhance market trust in the company’s business expansion."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
