Winia Aid, IPO Price Set at 16,200 KRW

[Asia Economy Reporter Hyungsoo Park] WiniAide, the only one-stop platform company in Korea, has set its public offering price at 16,200 KRW.

WiniAide announced on the 13th that after conducting a demand forecast targeting domestic and international institutional investors for two days from the 9th to the 10th, it finalized the public offering price at 16,200 KRW, the upper limit of the desired price band (14,200 to 16,200 KRW).

A total of 1,225 domestic and international institutional investors participated in the demand forecast, recording a competition rate of 955 to 1. The total public offering amount is 86.9 billion KRW, and the market capitalization after listing is approximately 249.4 billion KRW. Among all participating institutions, 961 institutions offered prices at or above the upper limit of the desired price range.

Shin Seok-ho, director of Shinhan Financial Investment, which underwrote the listing, said, "Although there were quite a few offers exceeding the upper limit, the public offering price was decided according to the company's opinion to implement shareholder-friendly policies," adding, "We hope this will help revitalize the IPO market."

WiniAide is a one-stop platform company providing solutions for all processes from product manufacturing to consumer use. Its three major business areas?distribution, logistics, and care services?form a stable sales portfolio without being biased toward any specific sector.

Baek Seong-sik, CEO of WiniAide, said, "We will continue to grow not only domestically but also in overseas markets after the listing," and added, "We will become a company that meets investors' expectations."

WiniAide will conduct subscription for general investors from the 14th to the 15th. It is scheduled to enter the KOSDAQ market on the 23rd.

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