J.O Submits Securities Report Aiming for KOSDAQ Listing in Early November

[Asia Economy Reporter Jang Hyowon] J-O, a global leader in carbon nanotubes (CEO Kang Deukju), submitted a securities registration statement to the Financial Services Commission on the 23rd to list on the KOSDAQ market and has begun the listing process.

Founded in 1994, J-O operates a carbon nanotube (CNT) business for secondary battery conductive materials based on independently developed technology and production facilities, as well as a plant engineering business providing design, procurement, and construction (EPC) related services including process design, basic and detailed design, project management, and commissioning across various industrial sectors.

In 2003, the company established a separate corporate research institute and has conducted long-term research and development on carbon nanotubes, securing proprietary production technology that can control diameter, length, shape, and other factors that determine material quality.

Notably, in 2006, J-O succeeded in mass-producing carbon nanotubes for the first time in Korea and has been producing carbon nanotubes optimized as key materials for secondary batteries through continuous testing. The company is currently negotiating and signing supply contracts with domestic and international secondary battery manufacturers.

To proactively respond to the increasing demand for carbon nanotubes used as conductive materials for secondary batteries, J-O expanded its production capacity to 300 tons annually last year and to 1,000 tons annually this year, with plans to further expand to over 3,000 tons annually by 2025.

Kang Deukju, CEO of J-O, said, “We decided to list on the KOSDAQ market to strengthen our market position through proactive investment in the carbon nanotube field we lead. The funds raised through the public offering will be used for facility investment to expand production capacity of carbon nanotube products and for product research and development.”

J-O’s total number of shares offered is 8,197,100, with a public offering price range of 15,000 to 18,000 KRW per share. Demand forecasting will be conducted on the 19th and 20th of next month to finalize the offering price, followed by a two-day general subscription on the 25th and 26th. The expected listing date is early November, with Korea Investment & Securities as the lead underwriter.