"Three-Time Exam Taker" Jaram Technology Achieves Subscription Competition Rate of 1031 to 1
[Asia Economy Reporter Ryu Taemin] Next-generation system semiconductor specialist company Jaram Technology announced on the 23rd that it recorded a subscription competition rate of 1030.65 to 1 in the public offering subscription for general investors. The subscription deposit amounted to approximately 2.64 trillion KRW.
Jaram Technology previously set the public offering price at 22,000 KRW, exceeding the desired range (16,000 to 20,000 KRW), during the demand forecast for institutional investors. At that time, the competition rate also reached about 2000 to 1, achieving great success.
Jaram Technology had initially planned to go public starting in October last year but suspended the IPO schedule due to deteriorating investor sentiment. After changing the public offering structure and attempting again, it withdrew due to weak demand.
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Jaram Technology is scheduled to be listed on the KOSDAQ market on the 7th of next month.
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