HYTC records 432.58 to 1 subscription competition rate... Subscription deposits reach 1.8 trillion won

[Asia Economy Reporter Jang Hyowon] HYTC, a manufacturer of ultra-precision parts for secondary battery equipment, announced on the 29th that it recorded a final subscription competition rate of 432.58 to 1 after conducting a public offering subscription for general investors over two days from the 28th to the 29th.

This subscription was conducted for 565,000 shares, which is 25.0% of the company's total public offering volume, targeting general investors. A total of 244,406,190 shares were subscribed, and the deposit amount was approximately 1.833 trillion KRW.

HYTC conducted a demand forecast for institutional investors on July 21-22, recording a competition rate of 1,480.78 to 1, and finalized the public offering price at the top end of the desired range (13,000 to 15,000 KRW) at 15,000 KRW. At the time of the public offering, there were 1,591 domestic and international institutional participants, and the total number of shares applied for was 2,509,922,000, showing significant interest.

Jodongseok, CEO of HYTC, stated, “We appreciate the interest shown in our company's IPO, and we will continue to strive for steady performance growth and enhance shareholder value after listing.”

The company will proceed with deposit payments and refunds on the 2nd of next month and will be listed on the KOSDAQ market on the 9th. The funds raised through this public offering, which was conducted entirely through new shares, will mainly be used after listing for ▲ facility and equipment investment to expand production capacity ▲ establishment of production facilities for the new business ‘notching mold’ ▲ and establishment of overseas subsidiaries.

Meanwhile, HYTC, a specialized company in ultra-precision parts for secondary battery manufacturing equipment, produces various products across the slitting stage of the electrode sheet process and most stages of the assembly process in secondary battery manufacturing. As secondary battery manufacturers actively establish overseas factories, the company has established overseas subsidiaries in Poland, Nanjing, China, and Ohio, USA, building global bases in Europe, Asia, and the Americas. After listing, it is preparing to establish additional overseas subsidiaries in Indonesia and Hungary, aiming to diversify its overseas customer portfolio and achieve stable external growth.

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