[This Week's IPO] January Third Week Demand Forecast and Subscription Schedule

[Asia Economy Reporter Jang Hyowon] In the third week of this month (January), Studio Mir and Samgi EV will conduct demand forecasting for institutional investors. Mirae Semiconductor and Obzen are preparing for general subscription.

◆Studio Mir= Founded in 2010, Studio Mir is an animation production company that internalizes the entire animation production process. It has produced ▲the No.1 U.S. TV animation program "The Legend of Korra," ▲the No.1 rating show on U.S. terrestrial and cable channels "Boonducks," ▲the 6th overall ranked Netflix content "Dota: Dragon's Blood," ▲the 3rd highest rated Netflix show "Voltron: Legendary Defender," and ▲the 2nd ranked Netflix movie "The Witcher: Nightmare of the Wolf."

The total number of shares offered is 1 million. The expected offering price band is 15,300 to 19,500 KRW, with an estimated market capitalization after the offering of approximately 78.8 billion to 100.4 billion KRW. Demand forecasting for institutional investors will be held on the 16th and 17th, and general subscription for individual investors will take place on the 26th and 27th. The lead underwriter is Mirae Asset Securities.

◆Samgi EV= Established in 2020, Samgi EV develops and produces high-quality aluminum parts for electric vehicle battery modules based on high-vacuum die-casting technology. In particular, it holds the No.1 domestic market share for the "End-plate" product, which protects against external shocks and suppresses internal cell expansion to enhance battery safety in electric vehicles.

The total number of shares offered is 3,552,037. The expected offering price band is 13,800 to 16,500 KRW, with an offering amount of approximately 49 billion KRW. Demand forecasting will be conducted on the 17th and 18th, and general subscription on the 25th and 26th. The lead underwriter is Daishin Securities.

◆Mirae Semiconductor= The offering price was set at the top of the expected band, 6,000 KRW. For institutional investor demand forecasting, 1,666 institutional investors participated in the subscription for 2.7 million shares, which is 75% of the total offering, resulting in a competition rate of 1,576.56 to 1.

Mirae Semiconductor is a semiconductor distribution specialist company. It began with a distribution partnership contract with Samsung Electronics and in 2012 signed a distribution partnership with Samsung Display.

◆Obzen= The offering price was set at 18,000 KRW. The competition rate was 98.49 to 1, and approximately 13.9 billion KRW is expected to be raised through the offering. The secured funds will be invested in IT equipment for solution development and operation, solution research and development, data purchase costs, and SaaS operation costs.

Founded in 2000, Obzen specializes in developing marketing solutions applying big data and AI (artificial intelligence) technologies. To actively respond to changes in the marketing market, the company developed a MarTech solution as its next-generation growth engine, which grew to account for 60.6% of total sales in the third quarter of last year, establishing itself as a major business for Obzen.