[Asia Economy Reporter Kang Nahum] Innojin, a company specializing in hair loss and skin beauty management, announced on the 10th that the public subscription competition rate for general investors reached 1,643.88 to 1.
The subscription deposit amounted to 1.6028 trillion KRW. Previously, during the institutional investor demand forecast held on the 6th and 7th of this month, 1,639 institutions participated, recording a competition rate of 1,603 to 1. It was reported that all institutions participating in the demand forecast offered prices at or above the upper limit.
Founded in 2005, Innojin owns a total of four brands: hair loss-related brands 'Volvik' and 'Polyquation', skin beauty brand 'Dr. Medition', and hospital/clinic skincare brand 'Reselby'.
The company plans to use the funds secured through the listing for the development of scalp care prototypes, obtaining approvals and conducting clinical research, and entering home shopping channels.
Innojin will be listed on the KOSDAQ market on the 20th of this month.
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