Brains Company, Demand Forecast Competition Rate 1428.8 to 1... Public Offering Price Exceeds Upper Limit at 25,000 Won

[Asia Economy Reporter Jang Hyowon] Brains Company (CEO Kang Seongeun), a specialized company in intelligent IT infrastructure integrated management solutions, recorded an institutional demand forecast competition rate of 1428.8 to 1. The public offering price was set at 25,000 KRW, exceeding the upper limit of the desired range.

Brains Company announced on the 6th through a public disclosure that 1,507 domestic and international institutions participated in the demand forecast conducted on August 3 and 4 for 450,000 shares, which is 75% of the total public offering shares allocated to institutional investors, and the public offering price was finalized at 25,000 KRW.

In this demand forecast, 76.2% of participating institutions proposed prices exceeding the upper limit of the desired range, 25,000 KRW or more. Considering the demand forecast results and market conditions, Brains Company finalized the public offering price at 25,000 KRW after consultation with the underwriters. Brains Company had previously suggested a desired public offering price range of 20,000 to 22,500 KRW.

Kang Seongeun, CEO of Brains Company, said, “We thank the investors who actively participated in the demand forecast, believing in Brains Company’s market competitiveness, technological capabilities, and future potential,” and added, “After listing, we will lead the IT infrastructure integrated management solution market by building a business portfolio centered on ‘Zenius EMS,’ which has secured a solid market position.”

The subscription for general investors will be held from the 9th to the 10th. The company is scheduled to be listed on the KOSDAQ market on the 19th, with Kiwoom Securities serving as the lead underwriter.

Brains Company plans to use the public offering funds to secure outstanding talent and establish a stable in-house development environment, thereby advancing human and material R&D infrastructure. Through this, it aims to build a business portfolio that responds to changes in the IT infrastructure market and to develop subscription-based business model strategies such as SaaS (Software as a Service) platforms.

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