Business · Companies · 57 mins ago
Five companies plan investor pricing events in South Korea’s IPO market
South Korea’s IPO market has a busy week of share offerings planned for Nov.
9–13.
Five companies, including OLED materials maker SFC and mobile-network equipment firm Ucast, will seek bids from institutional investors to help set their share prices.
Alzheimer’s drug developer Adel will begin its institutional investor process on Nov.
12, while two other companies will finish theirs on Nov.
9.
Several companies will also accept applications from individual investors, including robotics firm AL Robot and precision-medicine company MBD, which tests cancer-drug responses using a patient’s cancer cells grown in 3D.
AL Robot has set its share price at 17,600 won, the top of its proposed range.
The offerings give investors a chance to apply for shares before trading begins, but no new companies are scheduled to list on the Kosdaq next week.
Five companies are scheduled to hold institutional investor demand forecasts in South Korea’s IPO market.
SFC and Ucast are set to hold forecasts from Nov. 9 to 13, while Adel’s is scheduled for Nov. 12 to 18.
C&M and JNTG began their forecasts earlier and are due to take institutional orders through Nov. 9.
Several companies are also holding public share subscription periods, including AL Robot, Hana Aerodynamics, C&M, JNTG and MBD.
No companies are scheduled to make their market debut next week.
- Who
- Five companies: SFC, Ucast, Adel, C&M and JNTG.
- What
- They are holding institutional investor demand forecasts for planned IPOs.
- When
- The events run across November dates, with schedules ranging from Nov. 3 to 18.
- Where
- South Korea’s IPO market.
- Why
- To gauge institutional investor demand for their planned public offerings.
This story does not have two clearly opposing sides.
C&M and JNTG began taking institutional investor orders.
AL Robot is holding its public share subscription, with its offer price set at 17,600 won.
SFC and Ucast are scheduled to hold institutional investor demand forecasts.
Adel is scheduled to hold its institutional investor demand forecast.
C&M, JNTG and MBD are scheduled to hold public share subscriptions.
- Companies
- SFC, Ucast, Adel, C&M and JNTG
- SFC price range
- 31,600–36,100 won
- Ucast price range
- 19,000–23,000 won
- Adel price range
- 18,000–25,000 won
- AL Robot offer price
- 17,600 won
- New listings
- None scheduled for the following week