[This Week's IPO] November First Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the first week of this month (November), SM Shipping, Twim, and Bioptro will conduct demand forecasting targeting institutional investors. ITIYZ, DearU, Bitnine, GeoElement, and NH All One REIT are preparing for general subscription.

◆SM Shipping= SM Shipping, a shipping division affiliate of SM Group (Chairman Woo Oh-hyun), operates a total of 18 vessels. It consists of four routes on the U.S. West Coast calling at Long Beach, Seattle, Vancouver, and Portland, and nine Asian routes calling at Shanghai, Haiphong, Ho Chi Minh, and Bangkok.

Through this listing, 33,844,220 shares will be offered to the public. The expected price range is 18,000 to 25,000 KRW per share. The offering price will be finalized through demand forecasting on the 1st and 2nd, followed by a two-day general investor subscription on the 4th and 5th. The lead underwriter is NH Investment & Securities.

◆Twim= Established in 2010, Twim is a company specializing in artificial intelligence inspection equipment, mainly engaged in developing AI inspection software and supplying equipment. Twim has secured references across various industries based on ten years of accumulated technology and know-how, with 82% of its total workforce consisting of research personnel, ensuring high technical responsiveness.

The total number of shares offered is 1.22 million, with an expected price range of 17,800 to 20,400 KRW per share. Demand forecasting targeting institutional investors will be conducted from the 2nd to the 3rd to finalize the offering price, followed by general subscription on the 8th and 9th. The listing is scheduled for November, with Daishin Securities as the lead underwriter.

◆Bioptro= Founded in 2000, Bioptro manufactures electrical testers (BBT) that inspect printed circuit boards (PCBs). Its main customers are Apple’s iPhone parts manufacturers. Last year, it recorded sales of 16.1 billion KRW and operating profit of 2.9 billion KRW. It was listed on KONEX in 2016.

The total public offering amount is 7.5 billion KRW, with an expected price range of 7,500 to 8,500 KRW per share. Institutional investor demand forecasting will be held on the 3rd and 4th, followed by general subscription on the 9th and 10th. The lead underwriter is Korea Investment & Securities.

◆ITIYZ= ITIYZ finalized its offering price at the upper end of the band, 14,300 KRW, through demand forecasting targeting institutional investors. The demand forecasting competition rate was 1,601.14 to 1, with 93.55% of participating institutions offering prices at or above the upper band.

General investor subscription will be conducted over two days on the 1st and 2nd. The listing is scheduled for mid-November, with an expected market capitalization of 85.4 billion KRW based on the offering price. The lead underwriter is Shinhan Financial Investment.

◆DearU= DearU finalized its offering price at 26,000 KRW, exceeding the upper limit of the expected price range of 18,000 to 24,000 KRW. The final competition rate was 2,001 to 1, and the lock-up ratio was 36.13%, indicating a relatively low volume of freely tradable shares.

General subscription for retail investors will be conducted over two days on the 1st and 2nd for 825,000 shares, which is 25.0% of the total offering. The listing is scheduled for the 10th, with Korea Investment & Securities as the lead underwriter.

◆Bitnine= Bitnine recorded a competition rate of 1,662 to 1 with 1,642 institutional investors participating in demand forecasting, finalizing the offering price at 11,000 KRW, exceeding the upper band of 8,700 to 9,700 KRW. The total public offering amount is 22.8 billion KRW, and the market capitalization after listing is 113.9 billion KRW based on the finalized offering price.

Bitnine plans to list on the KOSDAQ market on November 10 after general subscription on the 1st and 2nd. The lead underwriter is Hana Financial Investment.

◆GeoElement= GeoElement’s expected offering price is between 7,600 and 8,700 KRW, with a total public offering amount ranging from 11.8 billion to 13.5 billion KRW. Demand forecasting was conducted on the 28th and 29th of last month, and general subscription will be held on the 2nd and 3rd. The lead underwriter is NH Investment & Securities.

◆NH All One REIT= NH All One REIT’s offering price is 5,000 KRW per share, with 28.1 million shares offered, totaling 140.5 billion KRW. Demand forecasting targeting domestic and foreign institutional investors was conducted on the 28th and 29th, and general subscription will be held from the 3rd to the 5th. The lead underwriter is Korea Investment & Securities, with NH Investment & Securities and Daishin Securities participating as underwriters.

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