JI Tech Confirms Public Offering Price at 16,000 Won

[Asia Economy Reporter Hyungsoo Park] JI Tech, a specialized electronic materials company, announced on the 25th that it has set its IPO price at the upper end of the desired range, 16,000 KRW, ahead of its KOSDAQ market listing scheduled for the 4th of next month.

During the two-day demand forecast held from the 20th to the 21st, 945 institutional investors participated, recording a competition rate of 616.71 to 1. Among the institutional investors who participated in the demand forecast, 65.8% offered prices at or above the upper limit of the IPO price.

JI Tech cited its strengths as achieving stable profits through proprietary purification technology and efficient processes. Last year, it recorded sales of 20.5 billion KRW and an operating profit margin of over 27%.

The company is expanding its portfolio with a focus on precursor products used in semiconductor deposition processes, photomask case (PMC) products and materials business, and OLED organic materials business. After listing, it plans to invest the raised funds in facility expansion.

JI Tech CEO Seokheon Ham expressed his ambition, stating, "Despite business expansion and growth, we will maintain stable quality and ultimately become a global specialized electronic materials company."

JI Tech will conduct subscription for general investors from the 26th to the 27th. Based on the IPO price, the market capitalization is approximately 131.1 billion KRW.

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