[This Week's IPO] November Second Week Demand Forecast and Subscription Schedule
[Asia Economy Reporter Jang Hyowon] In the second week of this month (November), Millie's Library, JO, Inventage Lab, and Femtron will conduct demand forecasting for institutional investors. T3 Entertainment, Ubion, TFE, and NJET are preparing for general subscription.
◆Millie's Library= Founded in 2016, Millie's Library is a reading platform company that gained attention by launching Korea's first subscription-based e-book service the following year. It provides book content not only as text-centered e-books but also in various forms such as audiobooks, audio dramas, and chat books (chat-based reading content), creating an environment friendly to reading.
The expected public offering price is KRW 21,500 to 25,000, with 2 million shares to be offered and an expected public offering amount of KRW 43 billion to 50 billion. The public offering price will be finalized through demand forecasting by the 7th, followed by general subscription from the 10th to 11th, and it is scheduled to be listed on the KOSDAQ market on the 22nd of this month. The lead underwriter is Mirae Asset Securities.
◆JO= Established in 1994, JO operates in the carbon nanotube (CNT) business for secondary battery anode materials and plant engineering business. Since 2003, it has focused on research and development of carbon nanotubes and possesses proprietary production technology that can control diameter, length, and shape, which determine the quality of the material.
The total number of shares offered is 8,197,100. It consists of 6 million new shares and 2,197,100 existing shares. The existing shares are treasury stocks held by the company. The expected public offering price band is KRW 15,000 to 18,000. Demand forecasting will be conducted by the 7th, and public subscription will be held on the 9th and 10th. The underwriter is Korea Investment & Securities.
◆Inventage Lab= Founded in 2015, Inventage Lab is a company developing drug delivery system (DDS) platforms based on microfluidic technology and therapeutic agents applying this technology.
The total number of shares offered is 1.3 million, with an expected public offering price of KRW 19,000 to 26,000 per share, and an expected public offering amount of KRW 24.7 billion to 33.8 billion. Demand forecasting will be conducted on the 8th and 9th, followed by general subscription from the 11th to 14th. The underwriter is Korea Investment & Securities.
◆Femtron= Founded in 2002, Femtron develops and supplies inspection equipment for electronic product assembly processes based on 3D precision measurement and inspection technology. Major products include ▲ SMT (Surface Mount Technology) ▲ semiconductor packages and wafers ▲ secondary battery 3D inspection equipment.
The total number of shares offered is 1.1 million. The expected public offering price band is KRW 10,000 to 11,000, with an expected public offering amount of approximately KRW 11 billion to 12.1 billion. Demand forecasting for institutional investors will be held on the 8th and 9th, and subscription for general investors will be conducted on the 15th and 16th. The lead underwriter is Hana Securities.
◆T3 Entertainment= The public offering price was set at the top of the expected price band, KRW 1,700. The demand forecasting competition rate was 1,744.08 to 1. The public offering fundraising amount is KRW 28.9 billion. The secured funds will be used for expanding new game lineups, game development costs for new country services, and marketing expenses.
T3 Entertainment has achieved stable sales growth based on its flagship rhythm dance game 'Audition.' Released in 2004, Audition has been serviced in 37 countries worldwide for 18 years, achieving a cumulative subscriber count of 700 million.
◆Ubion= The expected public offering price band per share is KRW 1,800 to 2,000. The public offering amount is approximately KRW 5.5 billion based on the upper limit of the price band. Demand forecasting for institutional investors was conducted on the 2nd and 3rd, and general subscription will be held on the 8th and 9th before listing. The lead underwriter is Mirae Asset Securities.
Founded in 2000, Ubion 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.
◆TFE= The expected public offering price range is KRW 9,000 to 10,500, with a total public offering amount of KRW 24.3 billion to 28.4 billion. Demand forecasting for institutions was conducted on the 3rd and 4th, and subscription for general investors will be held on the 8th and 9th. The lead underwriter is IBK Investment & Securities.
Founded in 2003, TFE is the only total solution company in Korea supplying all semiconductor package test resources such as test sockets, test boards, burn-in boards, and COK (Change Over Kit). Especially, semiconductor test sockets, which are consumable parts, have increasing demand alongside semiconductor production, leading to increased sales in this business segment.
◆NJET= The expected public offering price band is KRW 12,000 to 15,200, with a total public offering amount of KRW 25.2 billion to 31.9 billion. Demand forecasting was conducted on the 3rd and 4th, and general subscription will be held on the 9th and 10th. The underwriter is Mirae Asset Securities.
Founded in 2009, NJET provides electrohydrodynamic (EHD) inkjet and coating solutions. The scope of solutions includes EHD printing and coating process equipment, modules and nozzles, inks, and systems, covering all necessary equipment, parts, and materials for the process.
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