[This Week's IPO] April Fourth Week Demand Forecast and Subscription Schedule

by Jang Hyowon

Published 24 Apr.2022 08:00(KST)

Updated 20 Jul.2023 15:35(KST)

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (April), Daemyung Energy will conduct a demand forecast targeting institutional investors.

◆Daemyung Energy= Daemyung Energy, which postponed its listing last February, will resume its demand forecast on the 27th. The desired public offering price is set between 15,000 and 18,000 KRW, with the total offering amount around 37.5 billion KRW. The desired price range has been lowered from the previous 25,000 to 29,000 KRW. After the demand forecast, general subscription is scheduled for May 3rd to 4th. The lead managers are Korea Investment & Securities and Samsung Securities.

Daemyung Energy is a company possessing renewable energy green solutions. It directly handles all stages from business development, design, procurement, construction, to operation management in renewable energy sectors such as wind and solar power. Its main businesses include investment in renewable energy power plants and EPC, as well as operation and management (O&M) of completed power plants, and sales of electricity and REC.