LaserCell, IPO Price Set at 16,000 Won

[Asia Economy Reporter Hyungsoo Park] Laser Cell, an innovative laser solution company, has set its public offering price at 16,000 KRW.

Laser Cell announced on the 13th that it finalized the public offering price at 16,000 KRW after conducting a demand forecast for institutional investors over two days from the 9th to the 10th.

A total of 1,486 institutional investors participated in the demand forecast for 1.2 million shares, which accounts for 75% of the total public offering volume, recording a competition rate of 1,442.95 to 1. Among the institutions participating in the demand forecast, 1,405 institutions offered amounts exceeding the upper limit of the public offering price, 14,000 KRW.

A Laser Cell official explained, "Many institutional investors actively participated in the demand forecast, recognizing our technological capabilities and growth potential."

Founded in 2015, Laser Cell developed a surface-laser reflow equipment that bonds chips and semiconductor substrates (PCBs) based on 'surface-laser' technology. It is characterized by irradiating the laser over a surface rather than a point while maintaining uniformity of the laser beam.

Laser Cell's surface-laser reflow equipment irradiates the chip with a surface-shaped laser for heating, so heat is applied to both the chip and the PCB substrate, preventing warping issues. The time required per chip process is 1 to 4 seconds, which is 3 to 15 times more efficient compared to existing semiconductor packaging methods. The equipment price is also about half that of existing equipment, making it economical.

Choi Jaejun, CEO of Laser Cell, said, "Through the IPO, Laser Cell will expand investments in facilities and research and development," adding, "We will accelerate momentum from a business perspective."

The subscription for general investors will be held over two days from the 14th to the 15th. The company will be listed on the 24th. Samsung Securities is participating as the lead underwriter.

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