Megatouch (CEO Yoon Jae-hong), a specialized company in the development and production of equipment parts for secondary batteries and semiconductor processes, submitted a securities registration statement to the Financial Services Commission on the 26th to pursue an initial public offering (IPO) on KOSDAQ in earnest.
The total number of shares to be offered by Megatouch is 5.2 million, all newly issued shares. The desired price range per share is from 3,500 KRW to 4,000 KRW. The company will conduct a demand forecast for five business days from October 20 to 26 to finalize the offering price, followed by a general subscription on October 31 and November 1. Based on the upper limit of the desired price band, the total expected offering amount is 20.8 billion KRW. The company plans to be listed on the KOSDAQ market in early November, with NH Investment & Securities as the lead underwriter.
The proceeds from the offering will be primarily invested in expanding production capacity (CAPA) and research and development. Through this, Megatouch aims to further strengthen quality and technological competitiveness, expand the domestic market, and accelerate entry into overseas markets such as the United States and Europe. In particular, anticipating a significant increase in product demand, the company is currently planning to establish a production plant (assembly line) in Vietnam to respond accordingly.
Founded in 2010, Megatouch is a company that develops and produces various pins used as equipment parts in secondary battery and semiconductor processes. Its headquarters is located in Cheonan, and its largest shareholder (parent company) is TS, a specialized company in semiconductor and OLED inspection equipment.
The main products include ▲'Charge-discharge pins' used in the activation process of secondary battery manufacturing ▲'Pogo Pins' used in sockets for semiconductor testing ▲'Interposers' used in probe cards for semiconductor testing ▲and sales from MEMS technology. As of 2022, the sales proportions of battery pins, semiconductor pins, and MEMS were 45.12%, 44.56%, and 10.32%, respectively.
The company expects significant growth in the domestic and international secondary battery markets and plans to focus on strengthening the technology and production capacity of its battery pin business division. In the semiconductor pin sector, it also plans to secure technology for fine pitch products and conduct research and development to localize some imported materials.
Yoon Jae-hong, CEO of Megatouch, emphasized, “We will further strengthen our leading position in the secondary battery market, which is expected to grow rapidly, and the semiconductor market, which has entered a new phase due to AI technology development, to maximize corporate value. Through the KOSDAQ listing, we will leap forward as a global company at the core of the secondary battery and semiconductor industries.”
Meanwhile, Megatouch’s performance last year recorded sales of 49 billion KRW, operating profit of 8.1 billion KRW, and net profit of 6.6 billion KRW. Compared to the previous year, sales increased by 24.3%, while operating profit and net profit recorded high growth rates of 226.7% and 91.8%, respectively.
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