SKIET to be Listed on KOSPI on the 11th
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[Asia Economy Reporter Kim Ji-hee] The Korea Exchange announced on the 7th that SK IE Technology (SKIET) will be listed on the KOSPI market on the 11th.
SKIET was established in 2019 as a spin-off from SK Innovation and produces battery separators, essential materials for lithium-ion secondary batteries. Last year, its sales amounted to 460.3 billion KRW, with a net profit of 90.7 billion KRW.
The initial price will be determined on the listing day by accepting bids between 90% and 200% of the public offering price of 105,000 KRW from 8:30 AM to 9:00 AM, and the price at which the sell and buy orders match will be set. Based on this initial price, a price limit of ±30% will be applied during the trading day.
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If the initial price is formed at twice the public offering price and rises to the upper limit, SKIET's stock price on the listing day could reach up to 273,000 KRW.
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