TFE Confirms IPO Price at Upper Range of 10,500 Won... Institutional Subscription Rate 1295 to 1

[Asia Economy Reporter Jang Hyowon] TFE (CEO Moon Sungju), a specialized company in core components for semiconductor package testing, announced on the 7th that it has finalized the public offering price at the top end of the desired band, 10,500 KRW, within the range of 9,000 to 10,500 KRW. With the offering price confirmed, the total public offering amount is expected to be 28.4 billion KRW, and the market capitalization after listing is projected to be 119.5 billion KRW based on the offering price.

TFE conducted a demand forecast targeting institutional investors over two days on the 3rd and 4th, with a total of 1,428 domestic and international companies participating, recording a competition rate of 1,295 to 1. Among all participating institutions, 388 institutions, accounting for 27%, offered prices exceeding the top end of the public offering band, and 916 institutions, or 64%, submitted prices at the top end.

A representative from the lead underwriter, IBK Investment & Securities, stated, “TFE is the only domestic company capable of supplying all test resources required for semiconductor package testing and has grown alongside global IDM companies as a partner since its establishment. Through this reference, registration with new global IDM clients and acquisition of domestic and international global customers are underway. The expansion of overseas exports and non-memory products also indicates high growth potential, which seems to have contributed to these favorable results despite the challenging market environment.”

Moon Sungju, CEO of TFE, expressed, “We sincerely thank the investors who participated in the demand forecast, trusting our technological capabilities and business growth potential. We will continue sustainable management by becoming a global leader in semiconductor testing through ongoing R&D and pioneering new markets, thereby benefiting our employees, customers, investors, and ultimately giving back to society.”

TFE supplies total solutions for core components of semiconductor package testing, including test sockets, test boards, burn-in boards, and COK (Change Over Kit). Based on these solutions, the company has shown a high growth trend with an average annual sales growth rate of 34.4% over the past three years. In the first half of this year, sales and operating profit reached 33.2 billion KRW and 5.4 billion KRW, respectively.

Meanwhile, the public subscription for general investors in TFE’s shares can be applied for through IBK Investment & Securities and will be held over two days on the 8th and 9th. The listing is scheduled for November 17.

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