Laemon Lane's Demand Forecast Success... Offering Price Confirmed at 15,000 Won, Exceeding Upper Limit

[Asia Economy Reporter Ryu Tae-min] Content production company Laemon Laein announced on the 17th that it has finalized its public offering price at 15,000 KRW, exceeding the upper limit of the desired public offering price range (11,500 KRW to 13,000 KRW).

According to the demand forecast for institutional investors conducted on the 15th and 16th, 1,576 domestic and international institutions participated in the subscription of 900,000 shares, which is 75% of the total public offering volume of Laemon Laein. The total number of shares applied for was 1,391,113,333, and the final competition rate recorded was 1,545.68 to 1. 98% of the participation cases offered prices above the upper limit of the public offering price.

The total public offering amount of Laemon Laein, which was conducted entirely through new share issuance, is 18 billion KRW. The funds raised through the public offering will mainly be used for securing intellectual property rights (IP), content production including dramas, writer contracts, and investment in content planning, development, and production.

Kim Dong-rae, CEO of Laemon Laein, said, "It seems that the benefits of the rapidly growing global OTT market and the company's unique IP library were positively evaluated by institutional investors," and added, "After listing on KOSDAQ, we will significantly increase the annual number of content productions and become a global content production company presenting works in various genres and formats."

The subscription for general investors of Laemon Laein will be conducted over two days from the 20th to the 21st, targeting 300,000 shares, which is 25.0% of the total public offering volume, and the listing is scheduled for the 30th. The lead underwriter is IBK Investment & Securities.

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