[Asia Economy Reporter Kum Boryeong] The IPO price of Wise I Tech, which is scheduled to be listed on the KOSDAQ next month, has been set at 12,000 KRW, exceeding the upper limit of the expected price band.
Wise I Tech announced on the 28th that the IPO price was finalized at 12,000 KRW based on the demand forecast conducted for institutional investors on the 20th and 21st. The expected price band was 10,000 to 11,200 KRW. The simple competition rate was 1,105 to 1.
The total public offering amount of Wise I Tech is 10.2 billion KRW. After subscription for general investors on the 29th and 30th, it is scheduled to be listed on the KOSDAQ market on the 10th of next month.
Kim Jonghyun, CEO of Wise I Tech, said, "This demand forecast result is thanks to the high evaluation of our growth potential in the fields of machine learning and big data."
Wise I Tech is a company that provides big data analysis and data quality solutions. It officially entered the machine learning field in 2015.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
