KB Securities, Sharp Increase in IPO Underwriting Performance in the Second Half of This Year

KB Securities announced on the 5th that it is showing strong momentum, with its corporate public offering (IPO) underwriting performance surging in the second half of this year.

KB Securities, which recorded the number one IPO underwriting performance in 2022 by an overwhelming margin, had no IPO underwriting performance excluding REITs and SPACs until September this year. However, in the second half of the year, it has successfully completed consecutive IPOs and is expected to achieve 12 IPO underwriting performances by the end of the year.

KB Securities explained that not only has the underwriting performance surged quantitatively, but all of the IPO deals were priced above the upper limit of the public offering price band, and the returns on the listing day were all positive, demonstrating qualitative growth as well.

In particular, KB Securities has achieved an excellent track record both quantitatively and qualitatively by successfully conducting IPOs across various industries, including the digital security company Hanssak, the wireless communication (RF) filter foundry company Sonics, the collaborative robot comprehensive solution company Doosan Robotics, the construction deck plate manufacturing company SW Steeltec, and the industry’s first carbon emission rights company EcoEye.

LS Materials, expected to be an eco-friendly energy, materials, and components company, completed its demand forecast by the 28th of last month and set the issue price at 6,000 won, exceeding the upper limit of the public offering price band. It is currently awaiting listing after subscriptions on the 1st and 4th of this month.

Additionally, DS Danseok (formerly Danseok Industry), a circular economy specialist company, is competing for first or second place in market share in the bioenergy market and has high expectations for its large-scale facility investment plans in the battery business. It is expected to close out this year’s IPO market with demand forecasting from the 5th to the 11th and subscriptions on the 14th and 15th.

In this way, KB Securities is showing strong momentum in the second half IPO market despite difficult market conditions, and is expected to achieve a top 5 or higher ranking in the IPO league table.

A KB Securities official stated, "We have produced results such as serving as the sole domestic lead manager for HD Hyundai Marine Solutions (formerly HD Hyundai Global Services) and co-managing Lotte Global Logistics. Considering the deals currently in progress, this trend is expected to continue into next year."

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