LB Investment, Public Offering Price Upper Limit at 5,100 Won... '1,298 to 1'

LB Investment conducted a demand forecast targeting domestic and international institutional investors. As a result, the final public offering price was set at 5,100 KRW, the upper end of the desired band (4,400 KRW~5,100 KRW).

The demand forecast held over two days from the 13th to the 14th saw participation from 1,417 institutions domestically and abroad, recording a competition rate of 1,298 to 1. The total public offering amount is 23.6 billion KRW, and the market capitalization after listing is approximately 118.4 billion KRW. Among all participating institutions, 1,321 institutions, accounting for 94%, offered prices at or above the upper end of the public offering band, 5,100 KRW.

LB Investment is a venture capital firm that has invested in 547 promising domestic and international companies over 27 years, successfully taking 111 companies public (IPO) or through mergers and acquisitions (M&A). It is also regarded as a unicorn manufacturer, having nurtured more than 10 companies, including HYBE, Pearl Abyss, and Kakao Games, into unicorns. The cumulative investment scale is 1.7 trillion KRW, and assets under management (AUM) have increased to approximately 1.2 trillion KRW.

LB Investment plans to use the funds secured through this public offering, as well as future performance fees and management fees, to expand the general partner (GP) equity ratio and AUM. Through this, the company aims to achieve external growth and maximize profits.

Park Ki-ho, CEO of LB Investment, stated, “Even after listing, we will continue successful endeavors such as generating performance befitting our reputation as a ‘venture investment powerhouse’ and discovering the next generation of unicorns.”

LB Investment is scheduled to be listed on the KOSDAQ market on the 29th after a general subscription on the 20th and 21st. The lead underwriter is Mirae Asset Securities.

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