[This Week's IPO] Demand Forecast and Subscription Schedule for the First Week of August

[Asia Economy Reporter Jang Hyowon] In the first week of this month (August), Socar and Daesung Hightech will conduct demand forecasting for institutional investors.

◆Socar= Established in 2011, Socar is the number one car-sharing company in Korea, operating a mobility platform business including vehicle rentals. Currently, it operates more than 18,000 vehicles at over 4,200 Socar Zones, the largest number in the country, holding over 70% market share in the domestic car-sharing market. 80% of residents in the six major cities can access a Socar Zone within 3 minutes within a 500m radius. As of May, the cumulative number of members reached about 8 million, equivalent to one-quarter of domestic driver's license holders, with approximately 10 million cumulative app downloads and a total of 650,000 integrated membership subscriptions.

The total number of shares offered is 4.55 million, with a desired public offering price range of 34,000 to 45,000 KRW per share, and the expected offering amount is approximately 204.8 billion KRW based on the upper limit of the price band. Demand forecasting for institutional investors will be conducted on the 4th and 5th to finalize the offering price, followed by a general subscription on the 10th and 11th. It is scheduled to be listed on the KOSPI in August. The lead underwriter is Mirae Asset Securities, with Samsung Securities as joint underwriter and Yuanta Securities as the underwriting company.

◆Daesung Hightech= Daesung Hightech operates both precision parts business and finished machine business (Swiss-type automatic lathes & compact machining centers). Based on excellent ultra-precision processing technology, it supplies over 8,000 types of ultra-precision parts to global industrial machinery makers. Since this year, it has expanded its upstream industries into various high value-added advanced industries with high profitability, including secondary battery equipment parts, overseas defense parts, foldable phone hinge parts, and parts for electric and hydrogen vehicles, continuously securing growth engines.

The total number of shares offered is 3.32 million, with a proposed public offering price band of 7,400 to 9,000 KRW, and the total offering amount is approximately 24.6 to 29.9 billion KRW. Demand forecasting will be conducted on the 4th and 5th to finalize the offering price, followed by subscription on the 9th and 10th, and it is scheduled to be listed on KOSDAQ within August. The lead underwriter is Shinhan Investment Corp.

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