[This Week's IPO] January Second Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the second week of this month (January), LG Energy Solution, Easytronics, and Skonec Entertainment will conduct demand forecasting for institutional investors. Auto& and K-Auction, Adbiotech are preparing for general subscription.

◆LG Energy Solution= LG Energy Solution is a subsidiary established by physically splitting the battery business division from LG Chem. LG Energy Solution plans to use the funds raised through the IPO for ▲facility funds to expand production capacity at the domestic Ochang plant ▲acquisition of securities of other corporations to expand production capacity at overseas production bases in North America, Europe, and China ▲operating funds for research and development of lithium-ion batteries and next-generation batteries, product quality improvement, and process enhancement.

The total number of shares offered is 42.5 million. LG Energy Solution will issue 34 million new shares, and its parent company LG Chem will sell 8.5 million existing shares, which corresponds to 4.25% of the 200 million shares (100%) it holds in LG Energy Solution. The total number of shares offered corresponds to 18.16% of the total issued shares of LG Energy Solution after the offering (234 million shares to be listed).

The expected price range per share is KRW 257,000 to KRW 300,000, with an estimated market capitalization of KRW 60.138 trillion to KRW 70.2 trillion. If the offering price is finalized as expected, LG Energy Solution can secure up to KRW 10.2 trillion, and LG Chem can secure KRW 2.55 trillion.

Demand forecasting for institutional investors will be conducted over two days on the 11th and 12th to finalize the offering price, followed by subscription on the 18th and 19th, with a planned new listing on the KOSPI at the end of January. The underwriters are KB Securities, Daishin Securities, Shinhan Investment Corp., Mirae Asset Securities, Shinyoung Securities, Hana Financial Investment, and Hi Investment & Securities.

◆Easytronics= Easytronics, a company attracting attention as a materials, parts, and equipment (SoBuJang) IPO candidate in 2022, is a specialized company in customized power conversion devices. Power conversion devices are essential components used in electric vehicles, 5G relay stations, and ESS (Energy Storage Systems). In particular, the converters and inverters for large electric and hydrogen vehicles developed and produced mainly by Easytronics have secured a high market share even in a dynamically changing market.

Easytronics, preparing for a 'SoBuJang (materials/parts/equipment) special listing,' plans to offer 1.98 million shares out of a total of 7.92 million shares to be listed, with a desired offering price range of KRW 19,000 to KRW 22,000. Accordingly, the expected market capitalization after listing is KRW 150.5 billion to KRW 174.2 billion. Demand forecasting will be conducted over two days on the 13th and 14th, followed by general investor subscription from the 20th to the 21st. The lead underwriter is NH Investment & Securities.

◆Skonec Entertainment= Skonec Entertainment, established in 2002, is a company developing and operating virtual reality content. It has established itself as a VR game developer in the console game market by releasing titles such as Nintendo DS Magic Thousand Character Book, Nintendo Wii K-POP Dance Festival, and the world's first VR gun shooting game 'Mortal Blitz.' Currently, it is expanding its business area beyond VR games and content to virtual reality solutions.

The desired offering price band is KRW 9,000 to KRW 11,000. The expected offering amount is KRW 20 billion to KRW 24.5 billion, with an estimated market capitalization of KRW 88 billion to KRW 107.6 billion. Demand forecasting for institutional investors will be conducted on the 13th and 14th, and general subscription will be held on the 20th and 21st. The lead underwriter is Shinyoung Securities.

◆Auto&= Auto&, started in 2008 as an in-house venture of Hyundai Motor Group, has built competitiveness by sourcing about 20,000 automotive products and establishing a network of about 10,000 offline installation points.

The total number of shares offered is 2,877,579, with a desired offering price band of KRW 4,200 to KRW 4,800. The expected offering amount is approximately KRW 12.1 billion to KRW 13.8 billion. General subscription is planned for the 11th and 12th. The underwriters are Mirae Asset Securities and Hyundai Motor Securities.

◆K-Auction= K-Auction, engaged in art auction, sales, and brokerage business, holds a 42% market share in the domestic art auction market as of the first half of this year and conducts stable and systematic auctions based on the art management platform 'K-Office.'

The total number of shares offered is 1.6 million, with a desired offering price of KRW 17,000 to KRW 20,000, and the total offering amount is KRW 27.2 billion to KRW 32 billion. The estimated market capitalization is KRW 151.5 billion to KRW 178.2 billion. General subscription will be conducted on the 12th and 13th. The lead underwriter is Shinyoung Securities.

◆Adbiotech= Adbiotech, a KONEX-listed company, is an immunoantibody bio company developing and selling antibody pharmaceuticals using high-titer antibodies (specific egg yolk antibodies) produced from eggs.

The total number of shares offered is 1.36 million, with a desired offering price band of KRW 7,000 to KRW 8,000, raising KRW 9.5 billion to KRW 10.9 billion through the offering. General subscription for individual investors is planned for the 13th and 14th. The underwriter is Daishin Securities.

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