[This Week's IPO] August Fourth Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (August), SK REITs, ABION, and YM Tech will conduct demand forecasting targeting institutional investors. Iljin Hysolus is preparing for a general public subscription.

◆SK REITs= SK REITs completed the acquisition of the SK Seorin Building located in Seorin-dong, Jongno-gu, Seoul, in July and incorporated 100% of the shares of Clean Energy Trust Management Real Estate Investment Company (Clean Energy REITs). Major SK affiliates lease all assets held by the REITs on a responsible lease basis and pay rent to SK REITs, which uses these funds to pay dividends to shareholders every quarter.

The public offering price of SK REITs is 5,000 KRW per share, with approximately 46.5 million shares offered. SK REITs is expected to raise about 232.6 billion KRW through this public offering.

Demand forecasting will be conducted over two days on the 23rd and 24th targeting domestic and foreign institutional investors, followed by a general investor subscription over three days from August 30 to September 1. The general investor subscription volume is about 13.95 million shares, which is 30% of the total public offering volume. The lead underwriters are Samsung Securities and Korea Investment & Securities, with Hana Financial Investment as the underwriter. SK Securities participates as a joint lead underwriter.

◆ABION= Established in 2007, ABION is a biomarker-based innovative anticancer drug development company. It was listed on the KONEX market in July 2014 and is now challenging a transfer listing to the KOSDAQ market through a technology special case method after eight years.

The company's main pipelines are the small molecule compound ‘ABN401’ targeting the hepatocyte growth factor receptor (c-Met) and the next-generation interferon-beta biobetter ‘ABN101’. In addition, it holds seven other pipelines, possessing the potential to address unmet needs in the global bio market.

The total number of shares offered is 2.28 million, with a desired public offering price range of 14,500 to 17,000 KRW per share. The public offering price will be finalized through demand forecasting on the 24th and 25th, and a general public subscription will be conducted on the 30th and 31st. The listing underwriters are Mirae Asset Securities and Hanwha Investment & Securities.

◆YM Tech= YM Tech, established in 2004, is a specialized manufacturer of EV relays. A relay is a switch device that plays a key role in controlling devices or circuits in the electrical and electronics industry. EV relays are DC high-voltage control components applied to ESS using direct current electricity and batteries, electric vehicles, and electric vehicle chargers. As of 2020, 93.0% of YM Tech’s sales were generated from the EV relay business.

After listing, YM Tech plans to accelerate its entry into the DC 800V-class electric passenger vehicle EV relay market. The EV relay market for electric passenger vehicles is an oligopoly dominated by a few companies. YM Tech has completed the development of EV relays for all types of electric vehicles and hydrogen fuel cell vehicles to secure a leading position in the DC 800V-class electric passenger vehicle EV relay market.

YM Tech is offering 600,000 shares. The desired public offering price band is 21,000 to 25,000 KRW, with a total expected public offering amount of 12.6 to 15 billion KRW. Demand forecasting will be conducted on August 25 and 26, followed by subscription on August 31 and September 1, with plans to list on the KOSDAQ market in September. KB Securities is the lead underwriter.

◆Iljin Hysolus= Iljin Hysolus is a core hydrogen mobility parts company providing hydrogen fuel tanks and modules based on Korea’s top-level hydrogen storage technology. In 2014, it was the first in the industry to supply hydrogen fuel tanks for the Tucson hydrogen electric vehicle commercialized by Hyundai Motor Company, and since then, it has supplied hydrogen fuel tanks for the fuel cell electric vehicle (FCEV) ‘Nexo’ and hydrogen buses.

The total number of shares offered is 10,893,990, with a desired public offering price per share of 25,700 to 34,300 KRW. Demand forecasting was conducted on the 19th and 20th, and general subscription will be held on the 24th and 25th. It is scheduled to be listed on the KOSPI market in September. The listing underwriters are Mirae Asset Securities, Samsung Securities, Hyundai Motor Securities, and Daishin Securities.

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