LS Materials, General Subscription Competition Rate 1165 to 1... Subscription Deposit 12.7 Trillion Won

LS Materials, which is preparing for a listing on the KOSDAQ market, announced on the 4th that it recorded a subscription competition rate of 1,165 to 1 in the public offering for general investors. The subscription deposit amounted to 12.7731 trillion KRW, ranking third among subscription deposits this year. This subscription was conducted for 3,656,250 shares, which is 25% of the total public offering volume.

On the 30th of last month, LS Materials conducted a demand forecast for institutional investors and recorded a competition rate of 396.8 to 1. The public offering price was set at 6,000 KRW, exceeding the expected band of 4,400 to 5,500 KRW.

LS Materials will proceed with the deposit payment and refund procedures on the 6th. The listing date on the KOSDAQ market is the 12th.

LS Materials’ main businesses are eco-friendly energy (UC), known as the next-generation secondary battery, and aluminum materials and components. It was established in 2021 by a physical division of the UC business division from the LS Group. The major shareholder is LS Cable, holding a 50% stake.