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

[Asia Economy Reporter Jang Hyowon] In the second week of this month (February), Furontier, Stonebridge Ventures, Pungwon Precision, and VC will conduct demand forecasting targeting institutional investors. Inka Financial Services and BioFDNC are preparing for general subscription.

◆Furontier= Established in 2009, Furontier is a specialized company in assembly and inspection equipment required for manufacturing processes of electronic components including autonomous driving vehicle cameras. It has succeeded in developing core process equipment for autonomous driving sensing cameras such as ‘Active Align’, ‘Intrinsic Calibration’, and ‘Dual Align’ equipment.

The total number of shares offered is 1.6 million. The expected public offering price band is 11,400 to 13,700 KRW per share, with a total offering amount of approximately 18.2 billion to 21.9 billion KRW, and the market capitalization after listing is expected to be 90.8 billion to 109.1 billion KRW. The demand forecasting will be conducted on the 7th and 8th to finalize the offering price, followed by subscription on the 14th and 15th, aiming to enter the KOSDAQ market within February. The lead underwriters are Yuanta Securities and Shinhan Financial Investment.

◆Stonebridge Ventures= Stonebridge Ventures was established in 2017 through a physical division of the venture capital business unit of Stonebridge Capital (currently FV Holdings). Since 2019, it has formed new funds averaging 212.8 billion KRW annually, currently managing a total committed capital of approximately 933.9 billion KRW across 13 venture investment partnerships and 5 private equity partnerships.

The total number of shares offered is 4.5 million, with an expected public offering price band of 9,000 to 10,500 KRW per share. The offering amount based on the upper band is 47.25 billion KRW. Demand forecasting targeting institutional investors will be conducted on the 9th and 10th to finalize the offering price, followed by general subscription on the 15th and 16th. The listing is scheduled for the end of the same month, with KB Securities and Samsung Securities jointly acting as lead underwriters.

◆Pungwon Precision= Established in 1996, Pungwon Precision operates in the metal mask business for OLED deposition. It is an advanced display parts manufacturer with thin-film metal processing technology. Its main products include Open Metal Mask (OMM) used in the common layer deposition process of AMOLED, Fine Metal Mask (FMM) for emission layer deposition, and Stick Bar Mask for organic material deposition in TV AMOLED.

The total number of shares offered is 3 million, with an expected public offering price band of 13,200 to 15,200 KRW per share, amounting to approximately 39.6 billion to 45.6 billion KRW. Demand forecasting targeting institutional investors will be held over two days on the 10th and 11th of next month, followed by general subscription on the 17th and 18th. It plans to list on the KOSDAQ market at the end of February through the materials, parts, and equipment special listing track. The lead underwriter is Daishin Securities.

◆VC= Established in 2005, VC is engaged in the golf IT device business. It gained prominence in 2011 by launching the world’s first voice-type golf GPS rangefinder, ‘Voice Caddie VC100’. Since then, it has steadily grown by releasing watch-type and laser-type rangefinders based on its own technology, digital yardage books, and portable swing analyzers called Launch Monitors. Recently, it expanded its product portfolio by launching the ‘VSE’ simulator for golf practice ranges.

The total number of shares offered is 1 million. The expected public offering price band is 15,000 to 19,500 KRW per share. Demand forecasting targeting institutional investors will be conducted on the 10th and 11th to finalize the offering price, followed by general subscription on the 15th and 16th. The lead underwriter is Korea Investment & Securities.

◆Inka Financial Services= The public offering price of Inka Financial Services was set at 18,000 KRW per share. A total of 267 domestic and foreign institutions participated in the demand forecasting, recording a simple competition rate of 13.69 to 1. The offering amount is 15.8 billion KRW, and the market capitalization after listing is about 92.5 billion KRW. General investors will subscribe on February 7th and 8th, with listing scheduled on the KOSDAQ market on the 16th. The lead underwriter is Korea Investment & Securities.

Established in 2007, Inka Financial Services is a corporate insurance agency (GA) that compares and analyzes various financial products from multiple insurance companies to recommend optimal products to consumers and provides customized comprehensive asset management consulting services. As of the end of last year, it has 592 domestic branches and 11,113 planners.

◆BioFDNC= BioFDNC finalized its public offering price at 28,000 KRW per share. It recorded a competition rate of 74 to 1 in institutional demand forecasting. The offering amount is 36.4 billion KRW. General subscription will be conducted on the 9th and 10th. The lead underwriter is DB Financial Investment.

BioFDNC is a company that generates revenue through various effective substances and pharmacological materials secured via plant cell line design technology. It has developed and secured approximately 250 types of plant cell lines and is involved in cryopreservation of endangered plants due to global climate change and environmental issues using plant cells.

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