Ecopro Materials Confirms IPO Price at 36,200 KRW... Market Capitalization at 2.5 Trillion KRW
Ecopro Materials has set the public offering price at 36,200 KRW. Based on the confirmed offering price, the offering size and market capitalization after listing are 419.2 billion KRW and 2.5 trillion KRW, respectively.
According to the Financial Supervisory Service on the 7th, the demand forecast for Ecopro Materials was conducted for institutional investors over five trading days from the 30th of last month to the 3rd. The competition rate recorded was 17.2 to 1.
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Looking at the distribution of application prices in the demand forecast, 38.2% of the quantity hoped to subscribe at 36,200 KRW or below. The volume that proposed prices at or above the upper limit of the desired offering price range of 36,200 to 44,000 KRW was 45.1%. Most institutions did not commit to a lock-up period.
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