Capstone Partners, IPO Price Set at 4,000 Won

Capstone Partners, a 'first mover' in the venture investment industry, announced on the 3rd that it has finalized the public offering price at 4,000 KRW, exceeding the upper limit of the expected range of 3,200 to 3,600 KRW, following a demand forecast conducted for domestic and international institutional investors.

During the five trading days until the 1st, 1,453 domestic and international institutions participated in the demand forecast, recording a competition rate of 952.78 to 1. The total public offering amount is 6.4 billion KRW, and the market capitalization after listing is approximately 53.4 billion KRW. Among all participating institutions, about 93%, or 1,355 institutions, offered prices at or above the upper limit of the offering band, 4,000 KRW.

An official from NH Investment & Securities, the lead manager of the listing, explained, "Investors highly evaluated Capstone Partners' competitiveness and performance, which possess differentiated investment strategies."

Capstone Partners is a first mover in the venture investment industry with strengths in early-stage investment and new growth industry investment. It continues to invest based on the ‘New Collar’ investment philosophy specialized in new growth industries. Its greatest strengths are proven early-stage investment capabilities and an effective value-up system. In fact, it has demonstrated its strengths through successful cases of early investments in numerous unicorns such as ‘Danggeun’, ‘Zigbang’, ‘Sendbird’, and ‘Kurly’.

It holds a large portfolio of next unicorns rapidly growing in various new growth sectors such as artificial intelligence (AI), fintech, and platforms. Capstone Partners lays the foundation for future growth by driving the growth of excellent portfolios and generating performance. The expected increase in management fees and performance fees is anticipated to improve profitability.

Song Eun-gang, CEO of Capstone Partners, said, "We thank the investors who actively participated, trusting Capstone Partners' differentiated investment strategy and proven investment performance," and added, "Even after listing, we will continue to discover emerging innovative startups and actively support them to achieve successful investment results."

Capstone Partners will accept subscriptions from general investors for two days from the 6th to the 7th and will be listed on the KOSDAQ market on the 15th. The lead manager for the listing is NH Investment & Securities.

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