Business · Markets · 3 hrs ago

Six Korean firms open IPO subscriptions as two join KOSDAQ

Six Korean firms open IPO subscriptions as two join KOSDAQ

South Korea’s IPO market has a busy week ahead, with six companies scheduled to open share subscriptions to individual investors from Oct.

20 to 23.

The companies span several industries, including golf technology, industrial equipment, artificial intelligence and computing platforms.

Ellis Group and MS Bio are set to join KOSDAQ, South Korea’s stock market for smaller and growth-focused companies, on Oct.

20 and 22.

Their offering prices have been set at 90,500 won and 7,800 won per share, respectively.

Eight companies are also seeking institutional investor orders, an early step in setting terms for their offerings.

Mobile network equipment company Ucast’s subscription has been disrupted after regulators asked it to revise its securities filing, and its schedule will be set after the revised filing is submitted.

Investors can expect more dates and offering prices to be confirmed as the companies complete these steps.

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