[Asia Economy Reporter Gong Byung-sun] Iljin High Solus, a specialized company in eco-friendly hydrogen mobility solutions, announced on the 23rd that it has set the public offering price at the upper end of the desired range, 34,300 KRW. The total offering amount is 373.7 billion KRW, and the market capitalization after listing is 1.2455 trillion KRW.
According to Iljin High Solus, the company conducted a demand forecast for institutional investors from the 19th to the 20th. A total of 1,611 domestic and foreign institutions participated in this demand forecast. The competition rate recorded was 1,471 to 1.
On the 24th and 25th, Iljin High Solus will accept general subscriptions through Mirae Asset Securities, Samsung Securities, Hyundai Motor Securities, and Daishin Securities. The listing on the KOSPI market is scheduled for the 1st of next month.
Iljin High Solus supplies hydrogen fuel tanks for Hyundai Motor's hydrogen vehicles 'Tucson' and 'Nexo'. Ahn Hong-sang, CEO of Iljin High Solus, stated, "We will lead the activation of the global hydrogen economy through continuous market expansion, leading research and development (R&D), and strengthening production infrastructure."
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