ManufacturingWavice, Achieves Subscription Rate 1,126.51:1… Set to List on October 25

Corporate Logo(source: wavice.com)

Wavice, the first company in South Korea to successfully localize GaN RF semiconductor chip mass production technology, announced on the 21st that it achieved a subscription rate of 1,126.51 times during its public offering for individual investors on October 17-18.

According to the company, the subscription deposit totaled approximately 3.1471 trillion won. Following the deposit on the 22nd, the company is scheduled to be listed on the KOSDAQ market on the 25th.

The funds raised from the IPO will be used for research and development, raw material procurement, and facility investment for the development of next-generation processes.