[This Week's IPO] December Second Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the second week of this month (December), Auto& will conduct a demand forecast targeting institutional investors. KTB Network is preparing for a general subscription.

◆Auto&= Auto&, started in 2008 as an in-house venture of Hyundai Motor Group, spun off in 2012. Established with the motto of being Korea's first automobile specialized platform company, Auto& has built a sourcing network of about 20,000 automotive products and an offline installation network of about 10,000 locations, earning recognition for its competitiveness. Recently, Auto& also supplies products related to popular electric vehicles and new cars such as Hyundai Motor's Ioniq 5 and Casper.

The total number of shares offered is 2,877,579, with a public offering price band of 4,200 to 4,800 KRW. The expected amount to be raised through this offering is approximately 12.1 to 13.8 billion KRW, and the estimated market capitalization after the offering is about 54.1 to 61.8 billion KRW. The demand forecast for institutional investors is scheduled for the 8th to 9th, and the general subscription for individual investors is scheduled for the 14th to 15th. The underwriters are Mirae Asset Securities and Hyundai Motor Securities.

◆KTB Network= KTB Network has set the public offering price at the lowest end of the price band, 5,800 KRW. As a result of the demand forecast conducted over two days from the 29th targeting domestic and foreign institutional investors, a competition rate of 50.19 to 1 was recorded. Previously, the public offering price band was set at 5,800 to 7,200 KRW. The total amount to be raised is about 116 billion KRW, and the market capitalization after listing is expected to be about 580 billion KRW.

KTB Network is Korea’s first-generation venture capital with over 40 years of experience. The general subscription quantity is 5 million shares, which is 25% of the total offering volume, and the general subscription for individual investors will be conducted on the 6th and 7th. Subscriptions are available through NH Investment & Securities, Samsung Securities, Eugene Investment & Securities, and KB Securities. The listing is scheduled for the 16th.