TMC Submits Securities Registration Statement... Aiming for KOSDAQ Listing Early This Year

[Asia Economy Reporter Jang Hyowon] TMC, a specialized materials company for semiconductor and display process specialty gases (CEO Wonyang Yoo), announced its full-scale preparation for IPO by submitting a securities registration statement on the 13th.

According to the securities registration statement, TMC plans to list a total of 11,054,364 shares through this initial public offering (IPO), of which 2.2 million shares are planned for public offering with a desired price range of 32,000 to 38,000 KRW per share. The expected market capitalization after listing is approximately 353.7 billion to 420.1 billion KRW. Demand forecasting will be conducted over two days from January 4 to 5, 2023, followed by general investor subscription from January 10 to 11. The lead underwriter is Hanwha Investment & Securities.

TMC is listing on KOSDAQ applying the ‘materials, parts, and equipment technology special case’ but boasts solid sales and operating profit trends. Over the past three years, it has achieved an average annual sales growth rate exceeding 55%, recording sales of 88.3 billion KRW last year. Significant growth is also expected this year, as sales for the third quarter have already more than doubled compared to last year. Operating profit was about 12.4 billion KRW last year but has surpassed three times that amount as of the third quarter this year.

The core foundation of growth is successful domestic technology development. TMC has independently developed various specialty gases used in key semiconductor processes. It mass-produces a variety of specialty gas products ranging from excimer laser gas, rare gases such as xenon (Xe) and krypton (Kr), etching process CF series gases, carbon monoxide (CO), carbonyl sulfide (COS), to mixed gases for deposition processes like B2H6 (diborane).

TMC currently holds certifications from global laser equipment companies and references with major semiconductor chip makers including large corporations. Utilizing this, it plans to directly enter overseas branches starting next year to further increase responsiveness to domestic and international customer demand and sales capabilities. Additionally, it plans to expand its business model through rare gas and waste gas recycling projects.

Wonyang Yoo, CEO of TMC, stated, “We are enabling all processes from raw material procurement to quality assurance to be conducted domestically to reduce overseas dependency,” adding, “Through continuous technology development and business model establishment, we will realize not only scale growth but also ESG management.”

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