Three companies to list on South Korea’s KOSDAQ next week

Three companies are set to list on South Korea’s KOSDAQ from Nov.

16 to 18.

Youngkwang YKMC, which makes and treats parts for semiconductor and display equipment, is scheduled to list first, on Nov.

16.

Optonics, an optical parts maker, is due to list on Nov.

17, followed by robotics automation company AL Robotics on Nov.

18.

Their offering prices are 11,000 won, 12,000 won and 17,600 won, respectively.

These listings are part of a busy week for initial public offerings, when companies sell shares to investors for the first time.

Alzheimer’s drug developer Adel and two other companies will seek assessments from institutional investors, while OLED materials maker SFC and mobile network equipment firm Ucast will hold public share subscriptions on Nov.

18 and 19.

Investors will next see final offering prices and subscription results as the companies proceed with their planned listings and share sales.