[This Week's IPO] Demand Forecast and Subscription Schedule for the Fourth Week of March

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (March), G2 Power is preparing for its public subscription.

◆G2 Power= G2 Power completed demand forecasting for institutional investors on the 17th and 18th, and plans to conduct the public subscription on the 22nd and 23rd. The total number of shares offered is 885,000, with an expected offering price of 13,500 to 16,400 KRW per share, resulting in a total offering amount of approximately 11.9 billion to 14.5 billion KRW. The lead underwriters are Korea Investment & Securities and KB Securities.

Founded in 2010, G2 Power is a company that provides IT solutions for condition monitoring and diagnosis (CMD) of industrial equipment based on IoT, ICT, and AI technologies. The company’s main business involves equipping intelligent CMD systems to industrial facilities vulnerable to electrical safety accidents such as switchgear, solar power generation systems, and ESS, and installing and supplying these systems to various public facilities.

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