AlpBio, Subscription Competition Rate 1518.2 to 1... Deposit Amount 2.9605 Trillion Won

Following Demand Forecast, General Public Subscription Also Hits a High Note

[Asia Economy Reporter Kwangho Lee] Alphabio, a company specializing in soft capsule manufacturing, has achieved success in the general public offering subscription following the demand forecast.

According to Alphabio on the 21st, the company recorded a subscription competition rate of 1,518.2 to 1 in the general public offering subscription conducted over the past two days. The number of subscription applications totaled 185,799, and the subscription deposit amounted to 2.9605 trillion KRW.

Alphabio had previously completed the demand forecast successfully with a competition rate of 1,556.04 to 1. The public offering price was set at the top of the desired band, 13,000 KRW.

Namgi Kim, CEO of Alphabio, stated, "Alphabio has laid the foundation to become an industry-leading company based on decades of accumulated technology. Even after listing, we will diligently carry out Alphabio’s growth roadmap through active communication with shareholders and continuously strengthen our business competitiveness to share the results with investors."

Meanwhile, Alphabio’s market capitalization after listing is approximately 101.7 billion KRW based on the confirmed public offering price. The company is scheduled to be listed on the KOSDAQ market on the 29th of this month.

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