[This Week's IPO] November First Week Demand Forecast and Subscription Schedule
[Asia Economy Reporter Jang Hyowon] In the first week of this month (November), T3 Entertainment, Ubion, TFE, and NJET will conduct demand forecasting for institutional investors. DT&CRO and Yoonseong F&C are preparing for general subscription.
◆T3 Entertainment= Established in 2000, T3 Entertainment develops and services online and mobile games. Its representative work is the rhythm action dance game ‘Audition,’ released in 2004. Utilizing this IP (intellectual property), various versions of the ‘Audition’ game such as ‘Club Audition’ and ‘Puzzle Audition’ have been released. Its subsidiary Hanbit Drone is an official partner of DJI and also operates a service center.
The total number of shares offered is 17 million, with a desired public offering price of 1,500 to 1,700 KRW per share. The company plans to raise approximately 28.9 billion KRW (based on the upper limit of the desired price band) through this offering. Demand forecasting for institutional investors will be conducted from the 1st to the 2nd, with the public offering price to be finalized, and general subscription will be accepted from the 7th to the 8th of the same month. The company aims to be listed by the end of November, with Mirae Asset Securities as the lead underwriter.
◆Ubion= Established in 2000, Ubion is a company that develops and supplies educational services and edutech platforms in the fields of finance, artificial intelligence (AI), and big data. The company’s flagship product is the edutech platform ‘Coursemos,’ an integrated platform for learner competency management, counseling management, career, and employment support.
The total number of shares offered is 2.76 million, with a desired public offering price band of 1,800 to 2,000 KRW per share. The amount to be raised through this offering is approximately 5.5 billion KRW based on the upper limit of the price band. Demand forecasting for institutional investors will be conducted over two days on the 2nd and 3rd, with the final public offering price to be determined, and general subscription will be accepted from the 8th to the 9th. The lead underwriter is Mirae Asset Securities.
◆TFE= Established in 2003, TFE is the only total solution company in Korea that supplies all semiconductor package test resources including test sockets, test boards, burn-in boards, and COK (Change Over Kit). In particular, semiconductor test sockets, which are consumable parts, have increasing demand alongside semiconductor production, leading to increased sales in this business segment.
The total number of shares offered is 2.7 million, with a desired public offering price range of 9,000 to 10,500 KRW per share, and the total offering amount is between 24.3 billion and 28.4 billion KRW. Demand forecasting for institutional investors will be conducted over two days on the 3rd and 4th of next month, with the public offering price to be finalized, and general subscription will be accepted from the 8th to the 9th of the same month. The lead underwriter is IBK Investment & Securities.
◆NJET= Established in 2009, NJET provides Electrohydrodynamics (EHD) inkjet and coating solutions. The scope of solutions includes EHD printing and coating process equipment, modules and nozzles, inks, and all necessary equipment, parts, and materials required in the process.
A total of 2.1 million shares will be offered. The desired public offering price band is 12,000 to 15,200 KRW per share, with a total offering amount of approximately 25.2 billion to 31.9 billion KRW. Demand forecasting will be conducted on the 3rd and 4th, followed by general subscription on the 9th and 10th. The lead underwriter is Mirae Asset Securities.
◆DT&CRO= The desired public offering price range is 22,000 to 25,000 KRW per share. Demand forecasting was conducted over two days on the 26th and 27th, and general subscription is scheduled for the 2nd and 3rd. The expected market capitalization after listing is approximately 138.9 billion to 157.8 billion KRW. The lead underwriter is Kiwoom Securities.
DT&CRO is Korea’s only full-service clinical trial organization (CRO), characterized by comprehensively handling all clinical needs from non-clinical efficacy and toxicity testing to clinical trials and regulatory consulting.
◆Yoonseong F&C= The desired public offering price is 53,000 to 62,000 KRW per share, with a total planned offering amount between 105.7 billion and 123.7 billion KRW. Demand forecasting for institutional investors was conducted on the 26th and 27th, and general subscription will be held from November 2nd to 3rd. The lead underwriter is Mirae Asset Securities.
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Since its establishment in 1986, Yoonseong F&C began its secondary battery main mixer business in earnest in 2003. It has been recognized for its technology by supplying mass-production main mixers to LG Energy Solution and SK On. In particular, it possesses differentiated development capabilities for core equipment tailored to customer needs.
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