[This Week's IPO] September Third Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the third week of this month (September), WCP and RP Bio will conduct demand forecasting. KB Staritz and Open Edge Technology are preparing for general subscription.

◆WCP= Established in 2016, WCP is a specialized company in the development and production of secondary battery separators used in electric vehicle batteries. Its main product is the 2nd generation coated wet separator, characterized by improved energy density and thermal stability through the 2nd generation coating process, in addition to the excellent physical properties such as air permeability and tensile strength of wet separators.

The total number of shares offered is 9 million, consisting of 7,340,344 new shares (81.56%) and 1,659,656 existing shares (18.44%). The desired price range per share is 80,000 to 100,000 KRW. Accordingly, the total expected offering amount is approximately 900 billion KRW based on the upper limit of the price band, with about 734 billion KRW to be raised through new share issuance. Demand forecasting will be conducted on the 14th and 15th, followed by a general offering on the 20th and 21st, with plans to list on KOSDAQ at the end of this month. The lead underwriters are KB Securities and Shinhan Financial Investment.

◆RP Bio= RP Bio is a pharmaceutical and health functional food OEM/ODM specialized manufacturer established in 1983 as a joint venture between the US RP Scherer Corp, which holds a 70% global market share in the soft capsule market, and Daewoong Pharmaceutical. It is the only company in Korea that possesses original soft capsule core technology and original machinery.

The total number of shares offered is 1.2 million. The expected offering price is 10,000 to 13,000 KRW per share, with a total offering amount of approximately 12 to 15.6 billion KRW. Demand forecasting will be conducted on the 15th and 16th, followed by general subscription on the 20th and 21st, with plans to enter the KOSDAQ market within September. The lead underwriter is Korea Investment & Securities.

◆KB Staritz= KB Staritz completed demand forecasting on the 6th and 7th and will conduct subscription on the 15th and 16th, aiming to list on the KOSPI market in early October. The total number of issued shares is 30.7 million, raising 153.5 billion KRW through this offering. The lead underwriter is KB Securities.

KB Staritz is a REIT based on prime office assets, holding ▲North Galaxy Tower in Belgium (Brussels CBD area) and ▲Samsung Europe HQ in the UK (Chertsey area, London). The expected annualized dividend yield is approximately 7.76% (estimated as of August 30).

◆Open Edge Technology= The company's desired offering price range is 15,000 to 18,000 KRW per share, with a total expected offering amount of 54.5 to 65.5 billion KRW. Institutional demand forecasting was conducted on the 7th and 8th, and general subscription will be held on the 15th and 16th. The lead underwriter is Samsung Securities.

Founded in 2017, Open Edge is a system semiconductor IP specialized company possessing the world's only integrated AI semiconductor design asset IP platform. Its revenue structure is based on license fees and running royalties from mass production of semiconductor chips applying its IP. A similar business model company is ARM in the UK.

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