[This Week's IPO] Demand Forecast and Subscription Schedule for the Second Week of April

[Asia Economy Reporter Jang Hyowon] In the second week of this month (April), Kukon, a company specializing in providing business data, will conduct a demand forecast targeting institutional investors. Haesung TPC and Isak Engineering are preparing for their general public subscription.

◆Kukon= Established in 2006, Kukon is a business data provider and an affiliate of Webcash, a B2B (business-to-business) fintech specialist. Its main business is data collection and connection, gathering and linking business data from about 500 domestic institutions, over 40 countries overseas, and more than 2,000 organizations across finance, public sector, healthcare, logistics, distribution, and telecommunications.

Last year, Kukon's consolidated performance recorded operating revenue of 51.3 billion KRW, operating profit of 11.2 billion KRW, and net profit of 18.8 billion KRW. Compared to the same period last year, operating revenue increased by 24.56%, operating profit by 80.17%, and net profit by 106.39%. The operating profit margin stood at 21.88%.

The total number of shares offered in the public offering is 1,612,319 shares. The expected price range is 31,000 to 40,000 KRW per share, with the anticipated amount raised between 50 billion and 64.5 billion KRW. The offering price will be finalized through a demand forecast for institutional investors on the 13th and 14th, followed by a general subscription on the 19th and 20th. Kukon plans to be listed on the KOSDAQ market in late April. The lead underwriter is Hana Financial Investment, with Samsung Securities as the joint underwriter.

◆Haesung TPC= Haesung TPC, a manufacturer of reducers, recorded a competition rate of 1,508.95 to 1 in the demand forecast for institutional investors, and the public offering price was set at 13,000 KRW, exceeding the top end of the expected price band of 11,500 KRW.

The subscription for general investors will be held from the 12th to the 13th, with the company scheduled to be listed on the KOSDAQ market at the end of April. The general investor subscription accounts for 25% of the total public offering volume, which is 250,000 shares. The listing underwriter is Korea Investment & Securities.

Founded in 1997, Haesung TPC specializes in manufacturing reducers, producing and selling reducers for robots, industrial use, and hoisting machines for elevators, as well as engaging in import and export. The funds raised from the public offering will be invested in research and development and facilities for the robot reducer division.

◆Isak Engineering= Isak Engineering, a smart factory specialist, recorded a competition rate of 1,427.15 to 1 in the demand forecast for institutional investors, setting the public offering price at the top end of the expected band, 11,500 KRW.

The general investor subscription will be held from the 12th to the 13th for 525,000 shares, which is 25% of the total public offering volume. The listing is scheduled for the 21st. Shinhan Financial Investment is the lead underwriter.

Established in 2007, Isak Engineering is a smart factory specialist company that collects and manages data and provides automation services for production systems. The funds raised will primarily be used for securing personnel, facility investment, and research and development to advance smart factory core technologies, including existing automation technology, digital factory, and industrial Internet of Things (IoT) solutions.