HD Hyundai Marine Solutions, Public Offering Price Set at 83,400 KRW... Demand Forecast Competition Rate 201 to 1

Estimated Market Capitalization of Approximately KRW 3.7071 Trillion After Listing

HD Hyundai Marine Solutions announced on the 24th that it has finalized the public offering price at the upper end of the desired price band (73,300 KRW to 83,400 KRW), setting it at 83,400 KRW, following a demand forecast conducted for domestic and international institutional investors.

From the 16th to the 22nd, a total of 2,021 institutions participated in the demand forecast, including 1,805 domestic institutions and 216 overseas institutions, applying for a total of 984,511,800 shares, resulting in a competition rate of 201 to 1.

When converting the number of shares applied for in the demand forecast into the public offering price, the total demand forecast amount is approximately 82 trillion KRW, making it the largest deal of the year.

Notably, 100% of the total participation volume in the demand forecast (including 3.27% without price indication) offered prices at or above the upper band price of 83,400 KRW. The ratio of lock-up commitment applications, agreeing not to sell shares for a certain period (15 days to a maximum of 6 months), reached 45.1%, the highest proportion this year.

After listing, the market capitalization is expected to be approximately 3.7071 trillion KRW.

HD Hyundai Marine Solutions plans to proceed with the general subscription on the 25th and 26th and to be listed on the KOSPI on May 8th. The lead underwriters for the listing are KB Securities, UBS, and JP Morgan, with Shinhan Investment Corp. and Hana Securities as joint underwriters, and Samsung Securities and Daishin Securities included in the underwriting consortium.