[Asia Economy Reporter Hyunseok Yoo] YM Tech is showing strong performance. It appears to be influenced by the news that institutional demand for LG Energy Solution's upcoming IPO exceeded 1 quadrillion won.
As of 10:26 AM on the 13th, YM Tech was trading at 39,450 won, up 6.33% (2,350 won) compared to the previous trading day.
YM Tech is a specialized company in electric vehicle (EV) relays. EV relays are switch devices that stably control electrical energy. They are essential DC high-voltage control components used in energy storage systems (ESS), uninterruptible power supplies (UPS), and EV chargers. They are applied in all industries that use DC electrical energy from secondary batteries such as EV chargers.
Jongseon Park of Eugene Investment & Securities stated in a YM Tech stock report on the 4th, "Based on long-standing experience, YM Tech has secured core technologies and realized the development and commercialization of market-leading products tailored to customer needs from the planning stage." He added, "Through this, they have secured global references by acquiring 350 customers in 21 countries, including LG Energy Solution, SK Innovation, and Samsung SDI."
LG Energy Solution is expected to announce the final public offering price on the 14th, considering domestic and international institutional competition rates. The scale of institutional bids for LG Energy Solution is estimated to have reached 1,518 trillion won, based on the expected competition rate (1,500 to 1), the number of shares allocated to institutions (23,375,000 shares), and the expected offering price (300,000 won).
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