[This Week's IPO] Demand Forecast and Subscription Schedule for the First Week of June

In the first week of this month (June), Shift Up, Excel Therapeutics, SOS Lab, and Hyzen R&M will conduct demand forecasting targeting institutional investors. Gridwiz and La Meditech are preparing for general subscription.

◆Shift Up= Shift Up is a global game developer. In 2016, the company released its first developed title, "Destiny Child." Its representative works include the mobile game "Goddess of Victory: NIKKE," released in 2022, and "Stella Blade," launched in April this year on Sony's PlayStation 5 platform. "Stella Blade" is operated with Sony, the world's largest console platform operator, as its exclusive publishing partner. Shift Up is the first domestic game company to sign a second-party contract with Sony.

The total number of shares offered is 7.25 million, all newly issued shares. The expected price range per share is 47,000 to 60,000 KRW, with the total expected offering amount based on the upper limit of the price band at approximately 435 billion KRW. Demand forecasting for institutional investors will be conducted from the 3rd to the 13th to finalize the offering price, followed by subscription on the 18th and 19th. The joint lead managers are Korea Investment & Securities, J.P. Morgan Securities, and NH Investment & Securities, with Shinhan Investment Corp. as the underwriter.

◆Excel Therapeutics= Established in September 2015, Excel Therapeutics is a specialized company developing and producing "media," a core essential material in the advanced biopharmaceutical industry. Media serves as nutrients necessary for cell growth and significantly affects the quality and stability of biopharmaceuticals. Currently, the advanced biopharmaceutical market uses animal-derived media commercially; however, due to risks such as viral infection and immunogenicity, chemically defined media (CDM), which uses chemically characterized raw materials, is gaining attention as the next-generation media.

The total number of shares offered is 1,618,000, with an expected price range of 6,200 to 7,700 KRW per share. Through this offering, approximately 10 to 12.5 billion KRW will be raised based on the lower and upper limits of the price band. Demand forecasting will be conducted from the 3rd to the 10th, followed by general subscription on the 12th and 13th. Daishin Securities is the lead manager.

◆SOS Lab= SOS Lab was founded in 2016 by CEO Jeong Ji-seong and four doctoral students from Gwangju Institute of Science and Technology (GIST). It is a company specializing in LiDAR technology, engaged in LiDAR products and data solution businesses utilizing LiDAR.

A total of 2 million shares will be offered. The expected price range per share is 7,500 to 9,000 KRW, with a total expected offering amount of approximately 15 to 18 billion KRW. Demand forecasting for institutional investors will be conducted from the 3rd to the 10th, followed by general subscription from the 14th to the 17th, aiming for listing within this month. Korea Investment & Securities is the lead manager.

◆Hyzen R&M= Hyzen R&M started in 1963 as the motor division of LG Electronics and has accumulated about 60 years of know-how in actuator technology. In the early stages, it designed and manufactured industrial motors for petrochemical and machine tool industries, leveraging motor technology to develop all actuator components such as servo motors and reducers used in industrial robots and collaborative robots.

A total of 3.4 million shares will be offered. The expected price range per share is 4,500 to 5,500 KRW, with a total expected offering amount of approximately 15.3 to 18.7 billion KRW. Demand forecasting targeting institutional investors will be conducted over five days from the 7th to the 13th, followed by general subscription on the 18th and 19th, aiming for listing this month. Korea Investment & Securities is the lead manager.

◆Gridwiz= The offering price was fixed at the top of the expected price band at 40,000 KRW per share. A total of 1,098 institutions participated in the demand forecasting, recording a final competition rate of 124.6 to 1. The offering amount is approximately 56 billion KRW, and the market capitalization upon listing is expected to be about 317.9 billion KRW. General subscription will be held over two days on the 3rd and 4th, with listing scheduled on the KOSDAQ market on the 14th. Samsung Securities is the lead manager.

Gridwiz plans to use the funds raised through this IPO for research and development, strengthening its global network, and securing mid- to long-term growth engines through business acquisitions and sales. It aims to expand businesses such as V2G (Vehicle to Grid) services and localize production bases for EM business in the U.S. and Europe. V2G is a technology that connects electric vehicles to the power grid, utilizing the electric vehicle battery's power. It allows electric vehicles to be used as ESS by discharging remaining power during driving to supply and sell to the grid, as well as charging electric vehicles at low prices when there is excess power supply.

◆La Meditech= The expected price band per share is 10,400 to 12,700 KRW, with an expected offering amount of approximately 16.5 billion KRW based on the upper limit. Demand forecasting targeting institutional investors was conducted until the 31st of last month, and general subscription for individual investors will be held over two days starting from the 5th. Listing is scheduled on the KOSDAQ market within this month, with Daishin Securities as the lead manager.

Founded in 2012, La Meditech is the first company in the world to successfully commercialize ultra-small high-power laser core technology. It received 'A' grades from two institutions in the technology evaluation for a technology-special listing.