[This Week's IPO] Demand Forecast and Subscription Schedule for the First Week of June
[Asia Economy Reporter Jang Hyowon] In the first week of this month (June), Raontech and Innodep will conduct demand forecasting for institutional investors. LB Lucem is preparing for a public subscription for general investors.
◆Raontech= Established in 2000, Raontech develops and manufactures robots and automation systems used in semiconductor and display manufacturing lines. It is currently listed on the KONEX market and plans to transfer its listing to the KOSDAQ market this time.
In July last year, it obtained an A grade from the Korea Electronics and Telecommunications Research Institute for the technology of "manufacturing vacuum robots and transfer modules for wafer transfer in a vacuum environment," meeting the special listing requirements for materials, parts, and equipment (SoBuJang) on the KOSDAQ market.
The total number of shares offered is 500,000. The expected price range per share is 12,800 to 15,800 KRW, with a maximum expected offering amount of 7.9 billion KRW. The estimated market capitalization is between 62.5 billion and 77.2 billion KRW.
Demand forecasting for institutional investors to determine the offering price will be held on May 31 and June 1, and the public subscription for general investors will take place on June 7-8. The company plans to transfer its listing to the KOSDAQ market within June. The lead underwriter is KB Securities.
◆Innodep= Established in 2008, Innodep is a specialized company in intelligent video surveillance and urban data platforms based on video analysis technology. The company provides real-time, multi-channel intelligent video analysis solutions and urban data platform services through its proprietary AI deep learning technology 'IDL (Innodep Deep-Learning Library Module)'.
Innodep possesses technology that reduces data size while maintaining original-level image quality based on C-Stream (video recompression technology) and IOD (Innodep Object Detection) object extraction technology, and analyzes intelligent video data.
The total number of shares offered is 1,050,000, with an expected price range per share of 14,000 to 18,000 KRW. The offering amount is approximately 18.9 billion KRW based on the upper limit of the price band. The funds raised will be used for research and development, facility investment, and overseas market expansion including discovering local partners in Southeast Asia and the Middle East.
Demand forecasting for institutional investors will be conducted on June 3-4 to finalize the offering price, followed by a public subscription for general investors on June 9-10. The company plans to be listed within June, with Hi Investment & Securities as the lead underwriter.
◆LB Lucem= Established in 2004, LB Lucem is a manufacturer of display driver semiconductors and non-memory semiconductors. Its main business is packaging, which commercializes display driver ICs (DDI) necessary to drive the numerous pixels that make up mobile and medium-to-large displays.
LB Lucem recorded sales of 209.8 billion KRW last year, with an average annual growth rate of 22.9% over the past three years. Operating profit also showed an average annual growth of 20.6%, reaching 20.8 billion KRW last year.
The total number of shares offered by LB Lucem is 6 million, with an expected price range per share of 12,000 to 14,000 KRW. Through this offering, approximately 72 billion KRW (based on the lower limit of the price band) will be raised. Demand forecasting for institutional investors was conducted on May 26-27, and public subscription for general investors will be held on June 2-3, with listing planned within June. The joint lead underwriters are Korea Investment & Securities and KB Securities.
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