[2022 Capital Investment Awards] Daishin Securities, LG Energy Solution, and Others Lead 13 Public Offerings... Contributing to Market Revitalization

Best Award in Investment Banking (IB) Division

Oh Ik-geun, CEO of Daishin Securities, is being interviewed at Daishin 343 Building in Jung-gu, Seoul on July 6th. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Myung-Hwan Lee] Daishin Securities won the Best Investment Banking (IB) Award at the 2022 Asia Capital Investment Awards. This achievement reflects remarkable results in the fields of Initial Public Offering (IPO) and Equity Capital Market (ECM) this year.

Daishin Securities contributed to revitalizing the public offering market by managing a total of 13 public offerings, including Special Purpose Acquisition Companies (SPACs), in the IPO sector this year. Notably, it participated as a lead manager in LG Energy Solution's IPO in January, which had a record-breaking public offering size of 13 trillion KRW. In the case of Sungil Hi-Tech, which was listed under the profit non-realization condition, it is recognized for contributing to the diversity of companies and industries in the KOSDAQ market as the first company in the domestic secondary battery recycling industry to be listed.

Achievements continued in the ECM sector as well. Daishin Securities successfully completed Jeju Air's rights offering worth 217.3 billion KRW, supporting the company’s liquidity. Jeju Air, the leading low-cost carrier (LCC) in the industry, had faced operational difficulties due to the prolonged COVID-19 pandemic, but stabilized its financial structure through the rights offering at the time when international flights resumed following the easing of quarantine measures.

In the direct finance market, amid an environment where improvements in convertible bond systems and a weak stock market have led to a clear preference for investments focused on high-quality and strong small and medium enterprises, Daishin Securities successfully facilitated funding of approximately 554.8 billion KRW for a total of 11 companies.

Additionally, advisory services for mergers and acquisitions (M&A) and corporate governance restructuring have been steadily ongoing. In the new technology sector, since the establishment of the department last year, Daishin Securities has achieved cumulative assets under management (AUM) of 619.2 billion KRW, securing its position as a top-tier market player.

Daishin Securities plans to continue solidifying its position as the industry's leading IB house. A Daishin Securities official stated, "Based on strong networking with various clients, we will provide timely solutions to current issues and establish a cyclical system where deals continuously follow." The Daishin Securities IPO division will also continue to discover and promote listings of companies that combine stability and profitability next year.

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