Laseroptek Signs IPO Underwriting Agreement with Hana Financial Investment... Full-Scale Listing Preparation Begins

[Asia Economy Reporter Lim Jeong-su] Laser Optec Co., Ltd., a medical laser specialist company, announced on the 16th that it signed a lead underwriting agreement with Hana Financial Investment the day before to prepare for its KOSDAQ listing in earnest.

Founded in 2000, Laser Optec attracted attention by independently developing PALLAS, a solid UV (ultraviolet) laser with a wavelength of 311nm (nanometers) used for the first time in the world to treat psoriasis and vitiligo. It is a medical device specialist recognized domestically and internationally for its technology, having won the ‘2019 Korea Technology Award’ and the ‘2020 Industrial Technology of the Month Award’ with its PicoLO laser, a picosecond laser.

Recently, it launched the Helios785 laser, which combines a Q-switched Nd:YAG laser and a 785nm picosecond laser in one device. In particular, the high-power 785nm picosecond laser is known for its unprecedented high specifications worldwide.

A Laser Optec official explained, "Thanks to our proprietary laser resonator design technology, we were able to develop this," adding, "We received CE approval in Europe simultaneously with the device launch, and FDA approval is expected soon."

Lee Chang-jin, CEO of Laser Optec, said, "We have built high trust in the domestic and Asian markets through stable product supply based on our own technology, and recently, we have been focusing on securing well-known overseas key doctors and establishing a global sales network," adding, "Along with the KOSDAQ listing, we plan to accelerate our entry into advanced overseas markets such as the United States."

Laser Optec’s main sales come from skin beauty laser equipment, achieving sales of 12 billion KRW last year. The company expects to record more than 18 billion KRW this year, growing by over 50%.

Meanwhile, Hana Financial Investment, selected as the lead underwriter for Laser Optec, possesses expertise and know-how specialized in listing technology companies, having successfully led multiple technology-special exception listings. Hana Financial Investment and Laser Optec aim for a KOSDAQ listing next year.