BCNC, Public Offering Price Set at 13,000 Won... Records Competition Rate of 1831 to 1

[Asia Economy Reporter Jang Hyowon] BCN&C, a specialized company in semiconductor equipment parts and new material development (CEO Kim Donhan), announced on the 18th that it has successfully finalized its public offering price at 13,000 KRW. This price is approximately 13% higher than the top end of the expected public offering price band of 9,000 to 11,500 KRW.

Previously, during the two-day institutional investor demand forecast held on the 16th and 17th, 1,649 institutions participated, recording a competition rate of 1,820 to 1. This is the highest success record among KOSDAQ IPO companies this year. About 97% of the participating institutional investors offered prices above the top end of the public offering band, highly evaluating BCN&C’s technological capabilities and growth potential.

BCN&C’s flagship product, ‘QD9,’ is a self-developed product brand using synthetic quartz instead of natural quartz, which was previously used in consumable parts such as ‘focus rings’ used in semiconductor etching processes. Synthetic quartz parts have a lifespan 30-50% longer than natural quartz, increasing equipment operation rates and contributing to yield improvement by eliminating dust caused by microbubbles during the semiconductor manufacturing process.

Furthermore, as future growth drivers, BCN&C has completed the development of ‘QD9+,’ a domestically produced synthetic quartz material, and is preparing for mass production application. Additionally, the company has completed the development of a new material ‘CD9,’ which replaces Si and CVD-SiC used in other processes, and is currently testing it with global customers. Most of the investment funds raised after the listing will be used for facility expansion for these purposes.

Kim Donhan, CEO of BCN&C, expressed gratitude for the positive evaluation of BCN&C’s proprietary technology by institutional investors and reiterated the company’s ultimate ambition: “We will leap forward as a global material specialized company vertically integrated from domestic material to parts production, strengthening the semiconductor ecosystem.”

BCN&C, preparing for listing under the sponsorship of NH Investment & Securities, plans to receive subscription applications from general investors over two days on February 21-22, and commence trading on the KOSDAQ securities market on March 3. Through this listing, a total of 2.5 million shares worth 32.5 billion KRW will be offered, and the expected market capitalization after listing is approximately 160.7 billion KRW.

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