[This Week's IPO] Demand Forecast and Subscription Schedule for the Second Week of May
In the second week of this month (May), Gigavis will conduct a demand forecast targeting institutional investors. Trueen, CU Box, and Monitor Lab are preparing for general subscription.
◆Gigavis= Gigavis is a company that manufactures and sells automated optical inspection equipment (AOI) and automated optical repair equipment (AOR) for inner layer substrate inspection and repair processes, which are core to semiconductor substrates. AOI is equipment that automatically inspects pattern defects on semiconductor substrates using optical technology, and AOR is equipment that automatically repairs defective substrates.
The total number of shares offered is 2,218,528, and the desired offering price band is 34,400 to 39,700 KRW. Accordingly, the maximum offering amount is 88.1 billion KRW, and the expected market capitalization after listing is approximately 436 billion to 503.2 billion KRW. The demand forecast will be conducted on the 9th and 10th to finalize the offering price, and general subscription will be held on the 15th and 16th. The listing underwriter is Samsung Securities.
◆Trueen= Trueen has finalized its offering price at the top of the desired range, 12,000 KRW, within the 10,000 to 12,000 KRW band. 1,800 domestic and international institutions participated in the demand forecast for 1,875,000 shares, which is 75% of the total offering volume, and the final demand forecast competition rate was 1,688.87 to 1. General subscription will be held over two days on the 8th and 9th, with listing scheduled for the 17th. The listing underwriter is Mirae Asset Securities.
Trueen provides intelligent video surveillance and smart home IoT (Internet of Things) solutions using artificial intelligence (AI). After listing, the company plans to strengthen its B2C business segment and actively enter the global market.
◆CU Box= The desired offering price band is 17,200 to 23,200 KRW. Institutional investor demand forecasting was conducted on the 3rd and 4th, and general subscription will be accepted on the 9th and 10th. Listing is scheduled within this month, with Shinhan Investment Corp. as the lead underwriter and SK Securities as the joint underwriter.
CU Box, established in 2010, is a company specializing in AI video recognition and has developed various solutions and systems related to AI facial recognition. It supplies AI systems to national security facilities such as airport automated immigration inspection gates, the four major government buildings, and the National Information Resources Service, and recently has been promoting the Incheon International Airport Smart Pass project.
◆Monitor Lab= Monitor Lab’s desired offering price range is 7,500 to 9,800 KRW. Demand forecasting was conducted over two days on the 3rd and 4th, and general investor subscription will be held on the 10th and 11th. The listing underwriter is Mirae Asset Securities.
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Monitor Lab is a cloud-based SECaaS (Security as a Service) platform company. SECaaS refers to cloud-based subscription security services. In 2016, Monitor Lab launched AIONCLOUD, the first SECaaS platform in Korea, leading the domestic cloud security market.
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