[This Week's IPO] December Second Week Book-Building and Subscription Schedule

In the second week of this month (December), Semifive will conduct a book-building process for institutional investors. Naraspace, Rznomics, and Samjin Food are preparing for their public subscription offerings.

<Book-Building>

◆Semifive= Established in 2019, Semifive is a SoC platform company specializing in AI inference and high-performance computing (HPC) design. The company collaborates with leading domestic AI fabless companies such as Rebellions, FuriosaAI, and HyperAccel to develop semiconductors for data centers, and is expanding its design capabilities into various application fields, including edge computing, CXL, and autonomous driving.

Semifive plans to offer a total of 5.4 million shares. The desired offering price ranges from 21,000 to 24,000 KRW per share, with an expected total offering amount of 113.4 billion to 129.6 billion KRW. The estimated market capitalization is between 708 billion and 809.2 billion KRW. The book-building process will take place from December 10 to 16, followed by the public subscription on December 18 and 19. The lead underwriters are Samsung Securities and UBS Securities.

<Public Subscription>

◆Naraspace= The offering price has been set at the top of the desired range, at 16,500 KRW per share. A total of 1,961 domestic and international institutions participated in the book-building, resulting in a competition ratio of 879.08 to 1. Reflecting the results of the book-building, the total offering amount is approximately 28.4 billion KRW, and the expected market capitalization after listing is about 190 billion KRW. Public subscription will take place on December 8 and 9, and the company is scheduled to be listed on the KOSDAQ market on December 17. The lead underwriter is Samsung Securities.

Naraspace is the only domestic company providing end-to-end services for small satellite design, manufacturing, operation, and analytics. After successfully launching its in-house developed small satellite Observer-1A in November 2023, it also succeeded in establishing communication with GYEONGGISat-1 (Observer-1B), launched on November 29, and is now stably operating a total of two proprietary satellites.

◆Rznomics= The offering price has been set at the top of the desired range, at 22,500 KRW per share. The book-building competition ratio was 848.91 to 1, with the final offering amount reaching 46.4 billion KRW and the market capitalization based on the offering price projected at 309.5 billion KRW.

Founded in 2017, Rznomics is developing innovative therapies for cancer and rare, intractable diseases using its independently developed RNA editing and correction platform based on RNA trans-splicing enzymes. Last year, the company was designated as the "No. 1 National Strategic Technology Company" and a "National Strategic Technology Holding and Management Company" by the Ministry of Science and ICT and the Korea Institute of S&T Evaluation and Planning.

◆Samjin Food= The desired offering price per share is 6,700 to 7,600 KRW, with a total expected offering amount of approximately 13.4 billion to 15.2 billion KRW. The book-building for institutional investors will be held until December 9, and the public subscription will take place on December 11 and 12. The lead underwriter is Daishin Securities.

Founded in 1953 at Jagalchi Market in Busan, Samjin Food has led the Korean fish cake industry for over 70 years as a representative seafood processing company. By transforming fish cakes from a simple traditional ingredient into a premium food and K-food brand, the company has spearheaded a paradigm shift toward the "branding of the fish cake industry."

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