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[This Week's IPO] Book-building and Subscription Schedule for the Second Week of June

[This Week's IPO] Book-building and Subscription Schedule for the Second Week of June

During the second week of June, GFC Life Science, Protena, and NewN.AI will conduct book-building for institutional investors.


<Book-building>


◆GFC Life Science = Founded in 2002, GFC Life Science is a life science and biotechnology company that provides a one-stop solution from the production of natural bio-materials to testing. The company possesses proprietary technologies for developing and verifying convergent bio-materials such as skin microbiome, exosome, and plant cell.


A total of 784,000 shares will be offered in the IPO. The desired price band is between 12,300 and 15,300 KRW per share. Book-building for institutional investors, which will determine the final offering price, will take place over five business days from June 10 to June 16. Subscription for retail investors will be held over two days, June 19 and 20. The lead underwriter is Daishin Securities.


◆Protena = Established in 2015 as a faculty startup from KAIST, Protena was the first in the world to commercialize the 'SPID (Single-molecule Protein Interaction Detection) Platform,' which can analyze protein-protein interactions (PPI) at the single-molecule level. Based on this, the company provides two product lines that cover the entire drug development cycle, from PPI biomarker development to antibody design.


The total number of shares to be offered is 1.5 million, with a desired price band of 11,000 to 14,000 KRW per share. The total offering size is expected to be between 16.5 billion and 21 billion KRW. Book-building for institutional investors will be conducted over five business days from June 11 to June 17, and retail investor subscriptions will take place on June 23 and 24. The lead underwriter is Korea Investment & Securities.


◆NewN.AI = Founded in 2004, NewN.AI is a specialized AI analytics company that provides enterprise subscription services based on artificial intelligence technology. Leveraging its proprietary 'Quetta' AI technology, which is specialized for conversational language models, the company offers customized subscription-based AI analytics solutions for clients.


The company plans to offer a total of 2.22 million shares. The desired offering price is between 13,000 and 15,000 KRW per share, with an expected total offering amount of 28.9 billion to 33.3 billion KRW. Book-building will be conducted over five days from June 9 to June 13, followed by retail investor subscriptions on June 19 and 20. The company plans to be listed on the KOSDAQ market within the year. The lead underwriter is NH Investment & Securities.


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