[This Week's IPO] January Second Week Demand Forecast and Subscription Schedule

by Jang Hyowon

Published 05 Jan.2025 08:00(KST)

[This Week's IPO] January Second Week Demand Forecast and Subscription Schedule

In the second week of this month (January), Asterasys, Day One Company, Samyang NChem, Winners, PIE, IGnet, and LG CNS will conduct demand forecasting for institutional investors.

◆Asterasys= Founded in 2015, Asterasys is engaged in the manufacturing and sales of medical devices and beauty devices. Based on R&D capabilities that combine bio and IT expertise, the company has developed innovative products that lead market trends.

The desired public offering price per share is 4,000 to 4,600 KRW, with a total expected offering amount of approximately 14.6 billion to 16.8 billion KRW. The company postponed its listing in December last year and plans to conduct demand forecasting from the 6th to the 10th, public subscription from the 14th to the 15th, and then list on the KOSDAQ market. The lead underwriter is DB Financial Investment.

◆Day One Company= Established in 2013, Day One Company is a global adult education content company that has introduced the CIC (Company-In-Company) system to establish a fast and flexible decision-making structure. Major CICs include 'Fast Campus (digital and practical skills)', 'Coloso (professional skills)', 'Lemonade (foreign language learning)', and 'Snowball (IT bootcamp)'.

The company is offering a total of 1,361,000 shares with a desired offering price range of 22,000 to 26,700 KRW. Demand forecasting will be conducted from the 6th to the 10th, followed by general subscription on the 15th and 16th. The lead underwriters are Mirae Asset Securities and Samsung Securities.

◆Samyang NChem= Samyang NChem, founded in 2008 under the name 'NChem', is the first company in Korea to domestically produce core materials for semiconductor photoresists (PR). The company develops and manufactures polymers and photoacid generators (PAG), which are key components of PR.

A total of 1.1 million shares will be offered. The desired offering price is 16,000 to 18,000 KRW per share, with a total offering amount of 17.6 billion to 19.8 billion KRW. Demand forecasting will be conducted over five days from the 6th to the 10th, followed by general subscription on the 16th and 17th, aiming for a KOSDAQ listing within this month. KB Securities is the lead underwriter.

◆Winners= Since its establishment in 2004, Winners has expanded its business through the development and supply of wiring devices, and recently has been broadening its business areas by discovering new growth engines such as power-free switches and electric vehicle chargers applying energy harvesting technology.

The total number of shares offered is 1.7 million, with a desired offering price range of 7,500 to 8,500 KRW, and a total offering amount of 12.75 billion to 14.45 billion KRW. Demand forecasting for institutional investors will be conducted from the 8th to the 14th to finalize the offering price, followed by general subscription over two days on the 17th and 20th. The lead underwriter is Mirae Asset Securities.

◆PIE= PIE possesses AI-based inspection software technology developed in-house. Based on this, it provides essential solutions for quality stability and productivity maximization in ultra-precision manufacturing processes such as electric vehicle battery cells, ESS battery cells, and semiconductor glass substrates.

The total number of shares offered is 3.6 million, with a desired offering price per share of 4,000 to 5,000 KRW. Demand forecasting for institutional investors will be conducted over five business days from the 8th to the 14th to finalize the offering price, followed by general subscription on the 20th and 21st, with plans to list in February. The lead underwriter is Samsung Securities.

◆IGnet= Founded in 2014, IGnet developed and operates 'Bodak', Korea's first insurtech platform. In 2019, it launched the insurance diagnosis app 'Bodak' based on artificial intelligence technology, and in 2021, following the full approval of MyData, it implemented highly personalized insurance diagnosis and recommendation services.

The total number of shares offered is 2 million, with a desired offering price band of 6,000 to 7,000 KRW, amounting to approximately 12 billion to 14 billion KRW. Demand forecasting will be conducted from the 9th to the 15th, followed by public subscription on the 20th and 21st. The lead underwriter is Korea Investment & Securities.

◆LG CNS= LG CNS is actively promoting its AI business centered on the 'AI Center', which integrates AI business discovery, research, and execution organizations, and the 'Gen AI Studio', which supports corporate clients' innovation using generative AI. In the cloud sector, LG CNS has established itself as a leading domestic MSP (Managed Service Provider). It excels in reliably transitioning and operating IT systems of clients with limited cloud experience to cloud environments, and leads the industry through close partnerships with top global cloud companies such as Amazon Web Services (AWS), Microsoft, and Google Cloud.

A total of 19,377,190 shares will be offered. The desired offering price ranges from 53,700 to 61,900 KRW per share, with an expected market capitalization of approximately 5.2 trillion to 6 trillion KRW. The total number of issued shares (shares to be listed) of LG CNS is 96,885,948 shares.

LG CNS aims to list on the KOSPI market in February, conducting demand forecasting for institutional investors from the 9th to the 15th, followed by general subscription over two days on the 21st and 22nd. The lead underwriters are KB Securities, Bank of America (BoA), and Morgan Stanley, with Mirae Asset Securities, Daishin Securities, Shinhan Investment Corp., and JP Morgan serving as joint underwriters.