Manyo Factory, General Subscription Competition Rate 1265 to 1... Subscription Deposit 5.0613 Trillion Won

After a successful demand forecast, Manyo Factory continued its success in the public offering subscription.

Clean beauty leading company Manyo Factory (CEO Yu Geun-jik) announced on the 26th that it conducted a public offering subscription for general investors over two days from the 25th to the 26th, recording a competition rate of 1,265.33 to 1. The subscription deposit was estimated at approximately 5.0613 trillion KRW.

Manyo Factory conducted a demand forecast for domestic and foreign institutional investors over two days from the 22nd to the 23rd, confirming the final public offering price at 16,000 KRW, exceeding the upper limit of the expected band (12,000 to 14,000 KRW), and simultaneously recorded the highest demand forecast competition rate of the year at 1,800.47 to 1.

A representative from Korea Investment & Securities, the lead manager of the listing, said, “Many investors highly evaluated Manyo Factory’s stable sales portfolio-based sustainable growth potential and actively participated in the subscription,” adding, “Following the demand forecast, the good results in the subscription once again proved Manyo Factory’s competitiveness.”

Manyo Factory plans to use the funds raised through this public offering to expand into overseas markets. Additionally, it will utilize the funds for brand renewal and product lineup expansion to establish a foundation to become a ‘sustainable beauty company’ capable of continuously producing numerous global bestsellers.

CEO Yu Geun-jik of Manyo Factory said, “We thank the investors who believed in Manyo Factory’s future growth potential and supported us in the public offering subscription following the demand forecast,” and added, “After listing, we will do our best for mutual benefits and company development through active communication with shareholders.”

Meanwhile, Manyo Factory is scheduled to complete payment on the 31st and list on the KOSDAQ market on the 8th of next month. Korea Investment & Securities is in charge of the listing management.