[This Week's IPO] Demand Forecast and Subscription Schedule for the Second Week of July

In the second week of this month (July), BeautySkin, Vurnect, Pharos iBio, and ALT will conduct demand forecasting targeting institutional investors. YLAB and SensorView are preparing for general subscription.

◆BeautySkin=BeautySkin is a beauty specialist company established in 2011 that operates in cosmetics brand, manufacturing, and distribution businesses. Its own brands include ‘WONJIN (Wonjin Effect, Dr. Wonjin)’, ‘URIID’, ‘GLOW LOUDEY’, and the PB brand BeautySkin.

The total number of shares offered is 440,000. The desired price range per share (band) is KRW 21,000 to KRW 24,000. BeautySkin plans to raise approximately KRW 10.6 billion (based on the upper limit of the desired price band) through this offering. Demand forecasting for institutional investors will be conducted from the 10th to the 11th. General subscription will follow on the 13th and 14th. The expected listing date is within July. The lead underwriter is DB Financial Investment.

◆Vurnect=Since its establishment in 2016, Vurnect, led by CEO Ha Tae-jin and XR field experts, has attracted market attention by launching industrial XR solutions developed with proprietary core technology. Vurnect’s XR solutions for remote collaboration, content creation and application, and digital twin are targeted at large corporate affiliates such as Hanwha, Samsung, SK, LG, and Hyundai, which operate in various industries.

The total number of shares offered is 1.6 million, with a desired price range per share of KRW 11,500 to KRW 13,600. Demand forecasting for institutional investors will be conducted on the 10th and 11th, followed by general subscription on the 17th and 18th. The lead underwriter is Daishin Securities.

◆Pharos iBio=Established in 2016, Pharos iBio focuses on developing treatments for rare and intractable diseases based on its proprietary AI platform. Its main pipelines include the acute myeloid leukemia treatment ‘PHI-101’ and anticancer therapeutic substances ‘PHI-201’ (pan-KRAS inhibitor), and ‘PHI-501’ (for malignant melanoma, intractable colorectal cancer, triple-negative breast cancer), among others.

The total number of shares offered is 1.4 million. The desired price band is KRW 14,000 to KRW 18,000. After demand forecasting on the 10th and 11th, the offering price will be finalized, and subscription will be conducted on the 17th and 18th, aiming for listing within July. The lead underwriter is Korea Investment & Securities.

◆ALT=ALT is a company that tests high-performance non-memory semiconductors applied in various industries such as secondary batteries, artificial intelligence, and automotive electronics. The biggest characteristic of the non-memory semiconductor industry is small-volume production of many varieties, making a high understanding of various chips and the ability to develop and operate test programs important competitive advantages.

The total number of shares offered is 900,000, with a desired price range of KRW 16,700 to KRW 20,500. Demand forecasting targeting institutional investors will be conducted over two days on the 11th and 12th to finalize the offering price, followed by general subscription on the 17th and 18th. The lead underwriter is Mirae Asset Securities.

◆YLAB=Based on demand forecasting results conducted over two days from the 3rd to the 4th targeting domestic and foreign institutional investors, YLAB finalized the offering price at KRW 9,000, exceeding the upper limit of the desired band of KRW 7,000 to KRW 8,000. The competition rate was 1,821.64 to 1, with an offering amount of approximately KRW 27 billion, and the market capitalization after listing is expected to be about KRW 142.5 billion. General subscription for individual investors will be conducted on the 10th and 11th, with plans to enter the KOSDAQ market on the 20th. The lead underwriter is Korea Investment & Securities.

Founded in 2010, YLAB is a webtoon CP (Contents Provider) that internalizes everything from IP (intellectual property) development to utilization. Unlike other domestic webtoon CPs that focus on agency roles, YLAB has internalized everything from nurturing writers to story planning and art work, systematizing the webtoon production value chain. Furthermore, it has advanced its IP business areas by reorganizing video production and localization into two CICs (Company-In-Company).

◆SensorView=SensorView finalized its offering price at KRW 4,500, exceeding the desired price range of KRW 2,900 to KRW 3,600. Based on the finalized offering price, the total offering amount is KRW 17.6 billion, and the market capitalization after listing is expected to be KRW 116.7 billion. The demand forecasting competition rate was 1,673 to 1. General subscription will be conducted over two days on the 10th and 11th, and individual investors can apply for subscription through the lead underwriter, Samsung Securities.

Founded in 2015, SensorView is a 5G solution specialist company with integrated solutions for wired and wireless communications. It mass-produces high-performance cables, ultra-low loss antennas, connectors, and has achieved localization of ultra-low loss antennas and high-performance cables in the millimeter wave (mmWave) band, possessing outstanding technological capabilities.