Qualitas Semiconductor Confirms IPO Price at 17,000 Won, Exceeding Upper Range

Qualitas Semiconductor, which is preparing for a KOSDAQ listing, announced on the 17th that the public offering price was set at 17,000 KRW, exceeding the upper limit of the expected range (13,000 to 15,000 KRW) based on the results of the institutional investor demand forecast.

A total of 2,039 institutions participated in the demand forecast conducted until the 13th, recording a competition rate of 818.5 to 1. The company stated that this is the highest institutional investor participation rate among the demand forecasts conducted this year.

According to the company, all institutions that participated in the demand forecast offered prices above the upper limit of the expected range, and among them, 97.8% proposed prices exceeding the upper limit.

Founded in 2017, Qualitas Semiconductor is a semiconductor IP (ultra-high-speed design asset) specialized company that possesses production technology for SERDES, a core component of interface IP that affects data transmission speed. Its main products include electronic integrated circuits and electronic components.

The company plans to use the funds raised through the listing to expand its ultra-high-speed interface IP portfolio solutions and to enter the global market.

Qualitas Semiconductor is scheduled to be listed on the KOSDAQ market on the 27th after general subscription on the 18th and 19th. The lead underwriter is Korea Investment & Securities.

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