TMC, KOSDAQ Listing Public Offering Price Set at 28,000 Won

[Asia Economy Reporter Seomideum] Ti EMC, which is pursuing a KOSDAQ listing, announced on the 9th that it has set the public offering price at 28,000 won. This figure is lower than the lowest end of the desired range (32,000 to 38,000 won).

During the two-day demand forecast conducted on the 4th and 5th, 560 institutional investors participated, recording a competition rate of 31.33 to 1. Although the performance was weaker than expected, Ti EMC is known to have decided on the IPO with a shareholder-friendly public offering price.

The number of public offering shares was reduced from the original 2.2 million shares to 1.8 million shares. Subscription will be conducted for general investors from the 10th to the 11th of this month, and the company is scheduled to be listed on the KOSDAQ market on the 19th of the same month.

Ti EMC is a company that develops and supplies specialty gases used in semiconductor processes. As of the cumulative third quarter of last year, sales amounted to 234 billion won, and operating profit was 43.1 billion won.