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

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (June), Conan Technology will conduct a demand forecast targeting institutional investors. Nextchip is preparing for a general subscription.

◆Conan Technology= Established in 1999, Conan Technology is an AI software company based on proprietary technology. It commercializes AI technology that understands human language and meanings in videos, operating businesses in language AI (AI for Human Language) and video AI (AI for Video).

The total number of shares offered is 1.2 million. The expected offering price is 21,000 to 25,000 KRW per share, with a total offering amount of approximately 25.2 to 30 billion KRW. The demand forecast will be held on the 21st and 22nd, followed by subscription on the 28th and 29th, with plans to list on KOSDAQ within July. The lead underwriter is Korea Investment & Securities.

◆Nextchip= The company conducted a demand forecast for institutional investors on the 16th and 17th and will accept general subscriptions on the 21st and 22nd. It is scheduled to be listed in July, with Daishin Securities as the lead underwriter. Nextchip is offering 2.6 million shares in this IPO. The expected offering price per share is 9,900 to 11,600 KRW. Through this offering, the company plans to raise up to approximately 30 billion KRW.

Nextchip is a vehicle semiconductor company that was spun off from NCN, a KOSDAQ-listed company, in January 2019. The company has independently developed and owns technologies such as image signal processor (ISP) technology used in automotive cameras and Analog High Definition (AHD) technology that can transmit HD video in analog format.

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