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

[Asia Economy Reporter Jang Hyowon] In the second week of this month (October), Golfzon Commerce, Sandol, and Jostem will conduct demand forecasting targeting institutional investors. Pintel and Plasmap are preparing for general subscription.

◆Golfzon Commerce= Established in 2015, Golfzon Commerce is a company that distributes overall golf products such as golf clubs. It operates offline sales channels Golfzon Market and Truefit (a golf fitting specialty store), and its online sales channels include direct shopping malls (Golping, Golfzon Market Mall) as well as major shopping malls. Recently, it launched the Golfzon Market Neighbor (IUT) service, which allows customers to directly register and sell used products.

The total number of shares offered is 7.86 million, with a desired public offering price range of 10,200 to 12,700 KRW per share, and the total public offering amount is 80.2 billion to 99.8 billion KRW. After conducting institutional demand forecasting over two days on the 11th and 12th to finalize the offering price, general subscription will be held from the 18th to 19th. The lead underwriter is Korea Investment & Securities.

◆Sandol= Founded in 1984, Sandol is Korea’s first font company. It has created representative Korean fonts for global big tech companies such as Microsoft’s default font ‘Malgun Gothic,’ Apple iPhone’s system font ‘Apple SD Gothic Neo,’ and Google’s ‘Noto Sans KR.’ Recently, it has produced corporate exclusive fonts as branding tools for companies like Hyundai Card, Baedal Minjok, and Samsung Electronics.

The total number of shares offered is 1.49 million, with a desired public offering price band of 16,000 to 18,800 KRW per share. The expected public offering amount is approximately 23.8 billion to 28 billion KRW. Sandol plans to conduct institutional demand forecasting over two days on the 12th and 13th to finalize the offering price, followed by general subscription on the 18th and 19th before listing. The lead underwriter is KB Securities.

◆Jostem= Established in 2016, Jostem is a company that provides yield improvement solutions in advanced industries based on core process technology and design know-how. The company develops, manufactures, and installs modules installed in semiconductor process equipment. Its main products include nitrogen circulation load port modules (LPM), CFB, and BIP, which supply nitrogen to storage containers holding semiconductor wafers.

The total number of shares offered is 1.72 million, with a desired public offering price band of 9,500 to 11,500 KRW per share, and the public offering amount is approximately 16.3 billion to 19.8 billion KRW. Institutional demand forecasting will be held over two days on the 13th and 14th of next month, followed by general subscription on the 19th and 20th. The company plans to enter the KOSDAQ market within the year, with Mirae Asset Securities as the lead underwriter.

◆Pintel= Pintel announced on the 7th that it has finalized the public offering price at the upper end of the desired price band, 8,900 KRW per share. A total of 642 domestic and international companies participated in the institutional demand forecasting, recording a competition rate of 559 to 1. Accordingly, the total public offering amount is 17.8 billion KRW, and the market capitalization after listing is expected to be 88.6 billion KRW based on the offering price. General subscription will be held on the 11th and 12th, with Daishin Securities as the lead underwriter.

Founded in 2015, Pintel is an artificial intelligence (AI) specialized company in high-resolution video analysis technology. It possesses technology that can analyze high-resolution videos exactly as the original without image damage, enabling accurate video analysis even for distant small objects.

◆Plasmap= Plasmap conducted institutional demand forecasting on the 5th and 6th, with a desired public offering price band of 9,000 to 11,000 KRW per share. General subscription will be held on the 12th and 13th, with Mirae Asset Securities as the lead underwriter.

Plasmap is a bio-plasma deep-tech company that started in 2015 at the KAIST Physics Department Plasma Laboratory. The company is developing medical device care solutions, beginning with surgical instrument low-temperature sterilization (biological inactivation) solutions and implant regenerative activation solutions using innovative bio-plasma technology.