CNC International IPO Price Set at 47,500 Won... Subscription on 6th-7th
[Asia Economy Reporter Lee Seon-ae] Color cosmetics original design manufacturing (ODM) company C&C International announced on the 3rd that it has set the public offering price at the upper end of the desired range, 47,500 KRW, based on the demand forecast results from institutional investors.
The total amount of the public offering is 71.3 billion KRW.
A total of 1,239 domestic and international institutions participated in the demand forecast, recording a competition rate of 1,029 to 1.
C&C International plans to list on the KOSDAQ market on the 17th after general subscription on the 6th and 7th. The lead manager is NH Investment & Securities.
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Baek Eun-cheol, CEO of C&C International, said, "As a global color cosmetics ODM specialist company, we will stand out in the global cosmetics market and show a leading presence."
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