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

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (November), ToolGen will conduct a demand forecast targeting institutional investors. Mirae Asset Global REIT and Shinhan Seobu TND REIT are preparing for general subscription.

◆ToolGen= ToolGen holds the original patent for the CRISPR gene-editing technology, which won the Nobel Prize in Chemistry in 2020. Gene-editing technology allows the correction of the DNA base sequence containing genetic information related to specific traits to modify those traits.

The funds raised through the IPO will be used to secure competitiveness of the CRISPR patent, invest in research and development related clinical trials/facilities, and operating capital. In particular, the company plans to actively invest in research and development, clinical trials, introduction of advanced facilities, and recruitment of excellent researchers to strengthen CRISPR patent competitiveness and rapidly proceed with therapeutic clinical trials.

ToolGen’s total number of shares offered is 1 million, with a desired public offering price range of 100,000 KRW to 120,000 KRW per share. The company will conduct a demand forecast for institutional investors on the 25th and 26th, finalize the public offering price on the 30th, and accept general subscriptions on December 2nd and 3rd. It is scheduled to be listed on the KOSDAQ market in early December, aiming to raise up to approximately 120 billion KRW based on the desired public offering price. The lead underwriter is Korea Investment & Securities.

◆Mirae Asset Global REIT= Mirae Asset Global REIT, managed by Mirae Asset Asset Management, announced that it recorded a final competition rate of 1,019.58 to 1 in the demand forecast conducted from the 15th to the 17th, setting a record for the highest competition rate among listed REITs. The public offering price of Mirae Asset Global REIT is 5,000 KRW, with an expected public offering amount of 75.1 billion KRW.

Mirae Asset Global REIT is a perpetual listed REIT investing in real estate such as logistics centers, data centers, and offices located in key regions of major advanced countries including the U.S. and Western Europe. It currently holds as underlying assets logistics centers leased for over 10 years with 100% leased area, including ▲Amazon Houston ▲FedEx Tampa ▲FedEx Indianapolis logistics centers.

Mirae Asset Global REIT will conduct a general subscription for individual investors over three days from the 22nd to the 24th and is expected to be listed on the KOSPI market in early December. The lead underwriters are Mirae Asset Securities and KB Securities, with NH Investment & Securities participating as a co-lead underwriter.

◆Shinhan Seobu TND REIT= The public offering price of Shinhan Seobu TND REIT is 5,000 KRW, and it plans to raise approximately 134.889 billion KRW through this offering. The demand forecast was conducted on the 17th and 18th, and the public subscription for individual investors will take place over three days from the 24th to the 26th. The lead underwriter is Korea Investment & Securities, with Shinhan Financial Investment and Hana Financial Investment participating as co-lead underwriters.

With the funds raised through the capital increase and listing, Shinhan Seobu TND REIT, as a master REIT, will acquire 100% equity securities of Shinhan Seobu TND No.1 Trust Management Real Estate Investment Company, and as a sub-REIT, it plans to purchase the Yongsan Grand Mercure Hotel currently secured by Seobu TND. Upon completion of the listing, Shinhan Seobu TND REIT will become the first domestically listed REIT with a hotel as an asset.

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