Corporate Logo(source: e-sungwoo.co.kr)
Sung Woo, which is set to list on the KOSDAQ at the end of this month, announced on the 18th that its IPO price has been finalized at 32,000 won per share.
This price exceeds the upper limit of the initially expected price range of 25,000 to 29,000 won.
A total of 2,327 domestic and international institutions participated in the demand forecasting process, resulting in a subscription competition ratio of 516 to 1.
The total amount to be raised from the IPO is 96 billion won, and the company's market capitalization after listing is estimated to be approximately 481.5 billion won.
Sung Woo specializes in producing safety components for cylindrical lithium-ion batteries, energy storage systems(ESS), and automotive parts.
Its flagship product is the "Top Cap Assembly," a safety component designed to prevent fires and explosions in cylindrical batteries.
CEO Park Jong-heon stated, "Through the KOSDAQ listing, we aim to grow into a global leader in the secondary battery safety component market."
Sung Woo will open its public subscription on the 21st and 22nd, with the KOSDAQ listing planned for the 31st.
Corporate Logo(source: e-sungwoo.co.kr)
Sung Woo, which is set to list on the KOSDAQ at the end of this month, announced on the 18th that its IPO price has been finalized at 32,000 won per share.
This price exceeds the upper limit of the initially expected price range of 25,000 to 29,000 won.
A total of 2,327 domestic and international institutions participated in the demand forecasting process, resulting in a subscription competition ratio of 516 to 1.
The total amount to be raised from the IPO is 96 billion won, and the company's market capitalization after listing is estimated to be approximately 481.5 billion won.
Sung Woo specializes in producing safety components for cylindrical lithium-ion batteries, energy storage systems(ESS), and automotive parts.
Its flagship product is the "Top Cap Assembly," a safety component designed to prevent fires and explosions in cylindrical batteries.
CEO Park Jong-heon stated, "Through the KOSDAQ listing, we aim to grow into a global leader in the secondary battery safety component market."
Sung Woo will open its public subscription on the 21st and 22nd, with the KOSDAQ listing planned for the 31st.