[This Week's IPO] June Fifth Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the fifth week of this month (June), Youngchang Chemical and HPSP will conduct demand forecasting for institutional investors. Conan Technology is preparing for a general subscription.

◆Youngchang Chemical= Established in 2001, Youngchang Chemical is a specialized company developing and producing chemical materials supplied to the semiconductor, display, and eco-friendly energy industries. Its main products include Photoresist, Organic Hard Mask (HT-SOC), Slurry, Rinsing Solution, Developer, Etchant, and Stripper. Recently, it completed the development of a prototype for ‘EUV (Extreme Ultraviolet) lithography process rinse’ and plans to start mass production in the second half of this year.

The total number of shares offered is 2.4 million, consisting of 2 million new shares (83.3%) and 400,000 existing shares (16.7%). The expected price range per share is 15,000 to 18,600 KRW. The total expected amount to be raised is approximately 44.6 billion KRW based on the upper limit of the price band, with about 37.2 billion KRW to be raised through new share issuance.

Demand forecasting for institutional investors will be conducted on the 27th and 28th, with the final offering price to be confirmed on the 30th. General subscription will be held on July 4th and 5th. The company is scheduled to be listed on the KOSDAQ market in mid-July, with Hana Financial Investment as the lead underwriter.

◆HPSP= Established in 2017, HPSP mainly develops and supplies equipment related to the hydrogen heat treatment process in semiconductor front-end processes. High-pressure heat treatment is a process that electrically deactivates interface defects on semiconductor surfaces or junctions to enhance stability.

The total number of shares offered is 3 million, with an expected price range per share of 23,000 to 25,000 KRW. Approximately 75 billion KRW will be raised through this offering based on the upper limit of the price band. Demand forecasting for institutional investors will be conducted on the 29th and 30th, with the final offering price to be confirmed. General subscription will be held on July 6th and 7th, and the company is expected to be listed in July. NH Investment & Securities is the lead underwriter.

◆Conan Technology= AI software specialist Conan Technology has finalized its offering price at the upper limit of the expected band, 25,000 KRW per share (expected band: 21,000 to 25,000 KRW). The simple competition rate was 1,482.6 to 1, with a total offering amount of 30 billion KRW. After listing, the market capitalization is expected to be approximately 142 billion KRW. General investors can subscribe on the 27th and 28th, and the company plans to be listed on the KOSDAQ market within July. Subscription is available through the lead underwriter, Korea Investment & Securities.

Conan Technology operates AI for Text, which processes natural language, and AI for Video, which analyzes videos using AI, based on its independently developed AI technology. Currently, it is investing in personnel and equipment necessary for developing PHM (Prognostics and Health Management) systems in collaboration with KAI and plans to expand its business into the aerospace industry.