[This Week's IPO] Demand Forecasts and Subscription Schedule for the Third Week of July

In the third week of this month (July), S2W, Hallacast, and ITChem will conduct demand forecasts for institutional investors. Douinsys, Neurofit, NRB, and Protena are preparing for their public subscription offerings.

<Demand Forecasts>

◆S2W = Established in 2018, S2W has developed a variety of AI-based solutions that support the enhancement of security competitiveness for investigative and defense agencies, as well as the improvement of information security operations and data management efficiency for companies. These solutions are based on its domain-specialized AI technologies and capabilities in collecting and analyzing unstructured big data accumulated across various hidden channels such as the dark web and Telegram.

A total of 1.58 million shares will be offered. The desired offering price is between 11,400 and 13,200 KRW per share. The demand forecast for institutional investors will take place from July 15 to 21, followed by the public subscription for general investors on July 24 and 25. The lead underwriter is Daishin Securities.

◆Hallacast = Hallacast, which began operations in 1996, has grown by expanding its supply to major clients based on its core technologies in producing aluminum and magnesium components. The company is now emerging as a specialized materials and components company, leading the electronic parts business?including autonomous driving?and the robot parts industry.

The total number of shares offered is 7.5 million, with a desired price range of 5,100 to 5,800 KRW per share. After a five-day demand forecast from July 16 to 22, the public subscription for general investors will take place on July 28 and 29. The lead underwriter is Daishin Securities.

◆ITChem = Founded in 2005, ITChem is an independent CDMO company that develops and mass-produces high-value-added fine chemical materials such as APIs, pharmaceutical intermediates, and OLED materials, tailored to customer needs, based on its precision synthesis and purification technologies.

A total of 2 million shares will be offered, with an offering price between 14,500 and 16,100 KRW per share. The total offering amount is expected to be between 29 billion and 32.2 billion KRW. The demand forecast will be conducted from July 17 to 23, and the public subscription for general investors will take place on July 28 and 29. The lead underwriter is KB Securities.

<Public Subscription>

◆Douinsys = The offering price has been set at the top end of the desired band, 32,000 KRW per share. A total of 2,180 domestic and overseas institutional investors participated in the demand forecast, recording a competition rate of 785.41 to 1. The public subscription for general investors will be held over two days, July 14 and 15, and the company is scheduled to be listed on the KOSDAQ market on July 23. The lead underwriter is Kiwoom Securities.

Douinsys supplies UTG (ultra-thin glass) to global clients, including Samsung Display, and is recognized as a key beneficiary of the expanding flexible display market. The company currently has a maximum monthly production capacity of 1.81 million units and is stably responding to global demand based on its headquarters in Korea and its subsidiary in Vietnam.

◆Neurofit = The desired offering price range is 11,400 to 14,000 KRW per share, with a total offering amount of 22.8 billion to 28 billion KRW. The demand forecast for institutional investors was conducted by July 10, and the public subscription for general investors will take place over two days, July 15 and 16. The lead underwriter is Mirae Asset Securities.

Neurofit is a specialized company engaged in the research and development of brain imaging analysis solutions and therapeutic medical devices based on artificial intelligence (AI) technology. The company was founded in 2016 by co-CEOs Bin Jungil and Kim Donghyun, who developed the next-generation neuro-navigation system at Gwangju Institute of Science and Technology (GIST).

◆NRB = The desired offering price is between 18,000 and 21,000 KRW per share, with a total offering amount of 37.8 billion to 44.1 billion KRW. The demand forecast will be conducted until July 14, and the public subscription for general investors will take place on July 17 and 18. The lead underwriter is NH Investment & Securities.

NRB is a construction company established in 2019 by former employees of POSCO A&C. The company specializes in modular construction methods, in which unit modules are produced in factories and then assembled on-site to complete buildings.

◆Protena = The desired offering price band is 11,000 to 14,000 KRW per share, with a total offering amount of 16.5 billion to 21 billion KRW. The demand forecast for institutional investors will be conducted until July 14, and the public subscription for general investors will be held over two days, July 18 and 21. The lead underwriter is Korea Investment & Securities.

Protena, launched in 2015 as a faculty startup from KAIST, was the first in the world to commercialize the 'SPID (Single-molecule Protein Interaction Detection) platform,' which can analyze protein-protein interactions (PPI) at the single-molecule level. Based on this platform, the company provides solutions covering the entire drug development cycle, from PPI biomarker development to antibody design, through two product lines.