[This Week's IPO] March Third Week Demand Forecast and Subscription Schedule

In the third week of this month (March), Innogrid will conduct a general subscription.

◆Innogrid= The total number of shares offered is 600,000, with the desired public offering price per share ranging from 29,000 to 35,000 KRW. Through this offering, approximately 21 billion KRW (based on the upper limit of the offering price) will be raised. Demand forecasting for institutional investors will be conducted until the 18th to finalize the offering price, followed by a general subscription on the 20th and 21st, with a planned listing at the end of March. The lead underwriter is Korea Investment & Securities.

Innogrid is a specialized company in intelligent hybrid cloud operation platforms. In 2011, it launched its self-developed all-in-one private cloud solution, ‘Cloudit’. It is currently recognized as the only domestic company possessing a full-stack cloud solution. Last year, it received A and BBB ratings from NICE Information Service and the Korea Institute for Advancement of Technology in technology evaluations.