[Asia Economy Reporter Hyungsoo Park] TS I, a global mixing system developer for secondary batteries, has set its public offering price at 10,000 KRW.
TS I announced on the 9th that the demand forecast conducted over two days from the 6th to the 7th for institutional investors recorded a competition rate of 1,284 to 1. The price was finalized at 10,000 KRW, exceeding the expected public offering price band of 7,500 to 9,500 KRW. The total public offering amount is approximately 18.5 billion KRW.
A TS I official stated, "100.0% of the institutional investors who participated in the demand forecast offered prices above the upper limit of the public offering band," adding, "They highly evaluated TS I's unique business competitiveness, based on its outstanding mixing system technology and securing the world's top three battery companies as clients."
The mixing process is one of the core technologies in the electrode process, which is the initial process in the manufacturing of secondary batteries. TS I is expanding its business into the coater drying system field. It is achieving stable management performance based on the three domestic battery companies. By developing mixing systems that meet customer needs, it is strengthening its order competitiveness for new clients.
The funds raised through the public offering will be invested in developing next-generation continuous mixing systems that will change the existing production environment, as well as in new businesses such as secondary battery coating systems and mixing equipment development in the hydrogen fuel cell sector.
TS I CEO In-sik Pyo expressed his ambition, saying, "We will strive for innovative product development through continuous research and development (R&D) and expand our global customer base," and added, "As a listed company, we will practice responsible management toward shareholders and investors."
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