ICHC submits preliminary review application for KOSDAQ listing... IPO to accelerate within the year

[Asia Economy Reporter Park Ji-hwan] ICH, a specialized company in film-type advanced circuit materials, is accelerating its growth in film-type thin-film antennas and is entering the full-scale initial public offering (IPO) process.

ICH announced on the 9th that it has submitted a preliminary review application to the Korea Exchange for a technology-specialized KOSDAQ listing. It received an A grade in the technology evaluation for the KOSDAQ technology-specialized listing last September, and Samsung Securities is the lead underwriter. The goal is to be listed within this year.

Founded in 2012, ICH is a specialized company in film-type advanced circuit materials using adhesive-based room-temperature press patterning. The company is advancing its business through three core process technologies that enable the manufacture of advanced components: coating and thin-film technology, multilayer structuring technology, and room-temperature press patterning technology.

ICH has secured a product lineup consisting of raw materials, composite materials, and advanced materials, producing adhesive tapes for IT devices, electromagnetic shielding gaskets, and film-type thin-film antennas. Its flagship product is the film-type thin-film antenna. This component is applied inside IT devices, and ICH has succeeded in fully automating the world’s first room-temperature press patterning process and is currently mass-producing it.

So far, ICH has secured cost competitiveness by reducing the process of existing antenna products to less than half through room-temperature press technology, enabling supply of excellent performance at reasonable prices. Compared to competitors, it possesses a high level of technological differentiation and completeness, and leads in implementing low dielectric constants required for 5G communications, demonstrating excellent technological scalability.

This technology is also attracting attention as an eco-friendly process technology that does not require etching processes. Going forward, the company plans to accelerate the performance of film-type thin-film antennas while expanding its business areas to automotive electronic devices and advanced materials for wearables.

The company’s performance is solid. The average annual sales growth rate over the past three years (2018?2020) reached 36%. Sales were 20.4 billion KRW in 2019 and 24 billion KRW in 2020. It achieved 31 billion KRW up to the third quarter of last year, marking the highest management performance since its establishment.

Kim Young-hoon, CEO of ICH, stated, "As a technology-specialized company, we have unusually proven differentiated technological capabilities and growth potential through visible performance." He added, "After listing, we will leap forward as a global advanced circuit materials specialist by expanding our product portfolio, increasing global corporate clients, and accelerating new technology businesses."

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