[This Week's IPO] June Second Week Demand Forecast and Subscription Schedule

In the second week of this month (June), Innospace, HVM, Haas, and Innogrid will conduct demand forecasting for institutional investors. Hanjung NS, Sears Technology, and SOS Lab are preparing for general subscription.

◆Innospace= Innospace, established in 2017, is the only domestic startup specializing in space launch vehicles based on hybrid rocket proprietary technology. Using its representative launch vehicle ‘Hanbit (HANBIT)’, it commercializes launch services to transport satellites for customers worldwide into space.

The total number of shares offered is 1.33 million, with a desired public offering price per share ranging from 36,400 to 43,300 KRW. Approximately 48.4 billion KRW will be raised through this offering. Demand forecasting for institutional investors will be conducted from the 11th to the 17th to finalize the public offering price, followed by general subscription on the 20th and 21st. Mirae Asset Securities is the lead underwriter.

◆HVM= Founded in 2003, HVM is a high value-added metal manufacturing specialist company with outstanding competitiveness in advanced metal manufacturing. It has also succeeded in developing core materials for FMM (Fine Metal Mask), an essential component in OLED display manufacturing.

This offering will issue 2.4 million shares. The desired public offering price band per share is 11,000 to 14,200 KRW, with an expected amount of approximately 34.1 billion KRW based on the upper limit. Demand forecasting for institutional investors will be conducted from the 11th to the 17th to finalize the public offering price, followed by general subscription from the 19th to the 20th. The company plans to list on the KOSDAQ market in June, with NH Investment & Securities as the lead underwriter.

◆Haas= Established in 2008, Haas is a prosthetic restoration material specialist company recognized for its outstanding technology in dental prosthetic restoration materials. Dental prosthetic restoration treatment refers to restoring function by replacing damaged or lost teeth due to cavities or fractures, or addressing issues with color and shape, with artificial teeth.

This offering will issue 1.81 million shares. The desired public offering price band per share is 9,000 to 12,000 KRW, with an expected amount of approximately 21.7 billion KRW based on the upper limit. Demand forecasting for institutional investors will be conducted from the 13th to the 19th to finalize the public offering price, followed by general subscription from the 24th to the 25th. Samsung Securities is the lead underwriter.

◆Innogrid= Innogrid is a specialized company in intelligent hybrid cloud operation platforms, focusing on this field since cloud computing first emerged in 2009. It owns solutions such as the self-developed all-in-one private cloud solution ‘Cloudit’ and the OpenStack-based ‘OpenStackit’.

A total of 600,000 shares will be offered. The desired public offering price is between 29,000 and 35,000 KRW. The offering amount is 17.4 billion KRW. Demand forecasting for institutional investors will be conducted from the 13th to the 19th, followed by general subscription on the 24th and 25th. Korea Investment & Securities is the lead underwriter.

◆Hanjung NS= The public offering price was finalized at 30,000 KRW, exceeding the desired price range of 20,000 to 23,500 KRW. The demand forecasting recorded a competition rate of 725.9 to 1. General subscription for individual investors will be conducted through IBK Investment & Securities on the 10th and 11th, with a planned transfer listing on the KOSDAQ market on the 24th.

Hanjung NS is a specialized company in energy storage system (ESS) components, having succeeded in developing and mass-producing water-cooled ESS cooling system components that enable efficient thermal management through cooling water. Based on Samsung SDI supply references, it is accelerating its global market penetration and plans to generate new sales through next-generation product development.

◆Sears Technology= The public offering price was finalized at 17,000 KRW, exceeding the upper limit of the desired price band of 10,500 to 14,000 KRW. A total of 2,260 domestic and international institutions participated in the demand forecasting, recording a competition rate of 1,084.4 to 1. After general subscription on the 10th and 11th, the company plans to list on the KOSDAQ market on the 19th. Korea Investment & Securities is the lead underwriter.

Sears Technology is a digital healthcare solution company providing diagnostic support and remote patient monitoring services based on wearable medical devices and AI interpretation algorithm-based software. It operates the diagnostic support service ‘mobiCARE™’ and the remote patient monitoring service ‘thynC™’.

◆SOS Lab= The desired public offering price per share is between 7,500 and 9,000 KRW. Demand forecasting for institutional investors was 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 underwriter.

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