[Asia Economy Reporter Geum Bo-ryeong] The public offering price of Younglimwon Soft Lab, which is pursuing a listing on the KOSDAQ, has been confirmed at the top end of the desired band, 11,500 KRW.
Younglimwon Soft Lab announced on the 30th that as a result of demand forecasting conducted for institutional investors on the 27th and 28th, the public offering price was confirmed at 11,500 KRW. The desired band was 9,500 to 11,500 KRW.
According to Mirae Asset Daewoo, which is managing the listing, the institutional competition rate for 1,275,000 shares, which is 75% of Younglimwon Soft Lab's total public offering volume, recorded 1,269.3 to 1. A total of 1,352 institutions participated.
Kwon Young-beom, CEO of Younglimwon Soft Lab, said, "We will strive to lead the market in fields expected to grow in the future, such as smart factories and cloud ERP."
The total number of shares offered by Younglimwon Soft Lab is 1.7 million. Through this public offering, it plans to raise up to approximately 19.6 billion KRW. Subscription for general investors will be conducted on the 3rd and 4th of next month for 340,000 shares, which is 20% of the total volume. The scheduled listing date is the 12th of next month.
Younglimwon Soft Lab was established in 1993. It is recognized for its technological capabilities, including developing Korea's first ERP, 'K-System.' Currently, it supplies about 2,000 companies in various business fields with its main products: the on-premise ERP 'K-System Ace' and the cloud SaaS-based monthly subscription ERP 'SystemEver.'
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
