IMT Submits Securities Registration Statement... "Aiming for KOSDAQ Listing in October"
IMT, a leading company in next-generation semiconductor process equipment, announced on the 22nd that it has submitted a securities registration statement to the Financial Services Commission and has begun the procedures for listing on the KOSDAQ market.
Founded in 2000, IMT is a semiconductor process equipment company engaged in the dry cleaning equipment business using lasers and carbon dioxide (CO2), as well as the only domestic business of extreme ultraviolet mask laser baking (EUV Mask Laser Baking) equipment.
The company has developed the world's first laser probe card cleaning equipment, CO2 ring frame wafer cleaning equipment for high bandwidth memory (HBM), and packaging mold laser cleaning equipment. It also developed ultraviolet mask laser baking equipment for the first time in the world in collaboration with global semiconductor companies and is the only company operating this business domestically.
In April, IMT received an AA rating from the Korea Invention Promotion Association, designated by the Korea Exchange, becoming the first materials, parts, and equipment (SoBuJang) company to be recognized for both business performance and technological excellence under the technology special listing system since its inception. The company's consolidated sales last year amounted to KRW 10,756.71 million, with an operating profit of KRW 254.04 million. Compared to the previous year, sales increased by 46.8%, and operating profit turned positive.
IMT's total number of shares to be offered is 1.58 million, with a desired price band per share ranging from KRW 10,500 to KRW 12,000, and the expected maximum amount based on the upper limit of the price band is KRW 19 billion. A demand forecast will be conducted over five business days from September 6 to 12 to finalize the offering price. General public subscription will be held over two days on the 18th and 19th. The listing is scheduled for October, with Yuanta Securities as the lead underwriter.
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Choi Jae-sung, CEO of IMT, emphasized, "With the funds secured through this listing, we plan to further enhance our technological level and strengthen marketing to develop into a unique company in this field."
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