[This Week's IPO] October Third Week Demand Forecast and Subscription Schedule
In the third week of this month (October), Sonics, U2Bio, EcoEye, BI Matrix, Megatouch, Curecell, and Contec will conduct demand forecasting targeting institutional investors. Wort and Qualitas Semiconductor are preparing for general subscription.
◆Sonics= Sonics is a company possessing RF filter foundry production technology and infrastructure. As the RF filter foundry industry expands alongside changes in the communication market, Sonics is expanding its market competitiveness based on its unique technology, including the only domestic 6-inch TF-SAW foundry core technology, and stable mass production.
The total number of shares offered is 3.6 million, with a desired offering price range of 50 million to 70 million KRW, and a total offering amount of 18 billion to 25.2 billion KRW. The offering price will be finalized through institutional demand forecasting from the 17th to the 23rd, followed by general subscription over two days on the 26th and 27th. The listing underwriter is KB Securities.
◆U2Bio= Established in 2009, U2Bio is a healthcare platform company providing customized healthcare solutions through the convergence of BT and IT. Utilizing in vitro diagnostic technology, it conducts tests on suspected disease specimens and delivers test results by real-time linkage of detailed data analysis results to electronic medical records (EMR), providing IT technology-based services.
A total of 1,128,720 shares will be offered. The expected offering price is 3,300 to 3,900 KRW, with a total offering amount of approximately 3.7 billion to 4.4 billion KRW. Demand forecasting will be conducted from the 18th to 19th, followed by subscription on the 23rd and 24th, with plans to list on the KOSDAQ market in early November. Shinhan Investment Corp. is the listing underwriter.
◆EcoEye= Founded in 2005, EcoEye is an environmental specialist company focused on the carbon emission rights sector, primarily engaged in greenhouse gas reduction projects. A representative project is the high-efficiency cookstove distribution project, which replaces traditional low-efficiency cookstoves used in developing countries with high-efficiency ones and receives carbon emission rights for the reduced greenhouse gas emissions.
The total number of shares offered is 2,079,000. The desired offering price band is 28,500 to 34,700 KRW, with a total offering amount of 59.3 billion to 72.1 billion KRW, and the post-listing market capitalization is expected to be 281.7 billion to 343 billion KRW. The offering price will be finalized through demand forecasting from the 19th to 25th, with subscription on the 30th and 31st of the same month, aiming to enter the KOSDAQ market within November. The underwriter is KB Securities.
◆BI Matrix= Established in 2005, BI Matrix is primarily engaged in developing and supplying low-code-based automation solutions. It supplies business system construction solutions to leading domestic conglomerates, financial institutions, and public organizations, having completed over 1,000 projects for more than 700 institutions and companies to date.
The total number of shares offered is 1.2 million, all through new shares. The desired offering price per share ranges from 9,100 to 11,000 KRW, with an expected offering amount of 10.9 billion to 13.2 billion KRW. The offering price will be finalized through demand forecasting targeting institutional investors from the 19th to 25th, with general subscription planned for October 31 and November 1. The listing is scheduled for November, with IBK Investment & Securities as the underwriter.
◆Megatouch= Megatouch, established in 2010, is a company developing and producing various pins used as equipment parts in secondary battery and semiconductor (semicon) processes. Its headquarters is located in Cheonan, and its largest shareholder (parent company) is TS, a semiconductor and OLED inspection equipment specialist.
The total number of shares offered is 5.2 million, all new shares. The desired offering price per share ranges from 3,500 to 4,000 KRW. Demand forecasting will be conducted from the 20th to 26th to finalize the offering price, followed by general subscription on the 31st and November 1. Based on the upper limit of the price band, the total expected offering amount is 20.8 billion KRW. It is scheduled to be listed on the KOSDAQ market in early November, with NH Investment & Securities as the underwriter.
◆Curecell= Curecell is the first company in the world to develop OVISTM technology that removes immune checkpoint receptors, which cause functional decline of CAR-T cells. It has succeeded in enhancing CAR-T cell function and improving therapeutic effects. The company has filed patents for OVISTM in 25 countries worldwide, including Korea, and patents have been registered in Korea, the United States, Europe, and Japan.
The total number of shares offered is 1.6 million, with a desired offering price per share of 29,800 to 33,500 KRW. Approximately 53.6 billion KRW (based on the upper limit of the offering price) will be raised through this offering. Demand forecasting will be conducted from the 20th to 26th to finalize the offering price, followed by general subscription on the 31st and November 1, with plans to list in November. Samsung Securities and Mirae Asset Securities are jointly serving as lead underwriters.
◆Contec= Contec, a space-specialized startup, installs and operates space ground stations at major locations worldwide. It is the only company in the world providing total services that cover the entire value chain required in the space industry, including satellite control, reception and processing of satellite images, and analysis.
A total of 14,389,041 shares will be listed, with 2.06 million shares planned for offering. The desired offering price range is 20,300 to 22,500 KRW. The expected post-listing market capitalization is approximately 292.1 billion to 323.8 billion KRW. Demand forecasting will be conducted from the 20th to 26th, followed by general investor subscription from the 31st to November 1. Daishin Securities is the listing underwriter.
◆Wort= Wort finalized its offering price at 6,500 KRW, exceeding the desired range of 5,000 to 5,600 KRW. A total of 1,907 domestic companies participated, recording a competition rate of 793.2 to 1. Over 99.97% of institutions participating in demand forecasting offered prices exceeding the upper limit of the desired price band. The mandatory holding pledge ratio is 12.06%, with 10.38% pledged for over three months. General subscription for investors will be conducted through Kiwoom Securities from the 16th to 17th.
Wort manufactures semiconductor process environment control equipment and boasts the number one market share in Korea for semiconductor environment control, leveraging ultra-precision temperature and humidity control equipment technology. It has promoted localization of semiconductor equipment previously monopolized by Japanese companies and currently has global semiconductor manufacturers as clients.
◆Qualitas Semiconductor= The desired offering price is 13,000 to 15,000 KRW, with a total offering amount of 23.4 billion to 27 billion KRW. Demand forecasting was conducted until the 13th, and general subscription will be held on the 18th and 19th. Korea Investment & Securities is the listing underwriter.
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Qualitas Semiconductor, a semiconductor IP specialist company, was established in 2017 by Ph.D. engineers formerly from Samsung Electronics. It has the largest R&D workforce in the domestic IP industry and holds a dominant competitive edge in the domestic ultra-high-speed interface IP sector.
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