Yuil Robotics Sets IPO Price at 10,000 Won... "Exceeds Upper Limit of Expected Range"

[Asia Economy Reporter Park Jihwan] Yuil Robotics announced on the 2nd that it has set the public offering price at 10,000 KRW following a demand forecast conducted for institutional investors on the 24th and 25th of last month.

According to Korea Securities, the lead underwriter for Yuil Robotics' listing, out of the total public offering volume of 2.15 million shares, a demand forecast was conducted for 1,483,500 shares (69% of the total volume), excluding 129,000 shares allocated to the employee stock ownership association. A total of 1,835 institutions participated, recording a competition rate of 1,756.4 to 1.

Notably, among the participating institutions in the demand forecast, 99.9% (including 1.1% non-disclosed) submitted bids at or above the upper limit of the desired public offering price band (7,600 KRW to 9,200 KRW). Institutions that proposed prices of 11,000 KRW or higher accounted for 94.06%.

Kim Dongheon, CEO of Yuil Robotics, stated, “We believe that many institutions resonated with our company's vision through the demand forecast,” adding, “As the industrial robot and automation equipment market is expected to continue its growth trend, we will grow into a global market-leading company with robot automation products incorporating advanced technologies such as AI and IoT.”

Having finalized the public offering price, Yuil Robotics plans to accept subscriptions from general investors for 537,500 shares, which is 25% of the total public offering volume, on the 7th and 8th, and is scheduled to be listed on the 18th.

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