[This Week's IPO] June Fourth Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the fourth week of this month (June), Everybot, a developer of robot vacuum cleaners, will conduct a demand forecast targeting institutional investors.

◆Everybot= Founded in 2015, Everybot is a company that developed robot vacuum cleaners dedicated to wet mopping. Last year, based on price competitiveness and technological capabilities, it achieved sales of 49.2 billion KRW and an operating profit of 13 billion KRW.

Starting with the first IoT smart home integrated product scheduled for release in the second half of this year, the company aims to develop autonomous home service robots responsible for overall household chores beyond robot vacuum cleaners.

Robot vacuum cleaners hold a dominant market share within the household service robot market. As the number of dual-income households, single-person households, and households with pets gradually increases, the robot vacuum cleaner market is expected to be positively influenced.

Everybot showcases its products through over 500 domestic distribution channels, including domestic TV home shopping, all online shopping mall channels, department stores, and discount marts. The company is actively engaged in sales not only domestically but also in overseas markets. Everybot exports robot vacuum cleaners to more than 20 countries worldwide, including Europe, China, and Japan, and since July last year, it has entered the US Amazon market, achieving sales of 1 million USD within six months.

In this IPO, Everybot plans to offer a total of 1.12 million shares. The expected public offering price range is 32,600 KRW to 36,700 KRW, with the total offering amount expected to be between 36.5 billion KRW and 41.1 billion KRW. The demand forecast for institutional investors will be conducted from the 24th to the 25th to determine the public offering price, followed by subscription from general investors over two days on the 29th and 30th. The listing is expected to take place next month. The lead underwriter is NH Investment & Securities.