Synapsoft Confirms IPO Price at 24,500 KRW... IPO Amount 24.7 Billion KRW

Synapsoft, which is pursuing a KOSDAQ listing, announced on the 6th that it has set the public offering price at 24,500 KRW. This reflects the results of demand forecasting by institutional investors, with the upper limit of the desired price range (21,000 to 24,500 KRW) being applied.

During the five business days of demand forecasting that ended on the 4th, 2,075 institutions participated. The competition rate was 1,163.2 to 1. The total offering amount is approximately 24.7 billion KRW, and the market capitalization after listing is about 123.4 billion KRW.

Synapsoft explained, "Although 92% of participating institutions proposed amounts at or above the upper limit of the band, considering the recent conditions of the public offering market, the price was finalized at the upper limit of the offering band."

The subscription for public offering shares by general investors will be conducted over two business days from the 8th to the 11th of this month. The scheduled listing date is the 19th of the same month. The lead underwriter is NH Investment & Securities.

Founded in 2000, Synapsoft has proven to enhance work productivity in the field of digital document utilization, securing more than 7,000 private companies including major corporations such as Samsung Electronics, SK, Hyundai, and LG, as well as 80% of government agencies as clients.