Subscription Competition Rate for Cha Vaccine Institute 42 to 1... Deposit Amount 200 Billion Won

[Asia Economy Reporter Dongwoo Lee] The general public subscription competition rate for Cha Vaccine Research Institute was recorded at 42 to 1.

According to the lead underwriter Samsung Securities on the 13th, the subscription competition rate for Cha Vaccine Research Institute's public offering, conducted for general investors from the 12th to the 13th, was 42.16 to 1. The subscription deposit amounted to approximately 228.9 billion KRW.

Cha Vaccine Research Institute, an affiliate of Cha Biotech, is a bio company developing next-generation vaccines and immunotherapies using its self-developed immune enhancement platform technology.

Earlier, based on the demand forecast for institutional investors, the public offering price was set at the lower end of the desired range, 11,000 KRW.

Cha Vaccine Research Institute is scheduled to be listed on the KOSDAQ market on the 22nd.