GFC Life Science Achieves Over 2,000-to-1 Subscription Rate

Competition Rate for General Subscription Reaches 2,061 to 1

GFC Life Science, a plant cell-based bio-material company transitioning from KONEX to KOSDAQ, announced on June 20 that it recorded a competition rate of 2,161.33 to 1 in its public subscription for general investors, which was held over two days starting June 19.

This subscription was conducted for 196,000 shares, which account for 25% of the total offering of 784,000 shares. The number of shares applied for over the two days reached 423,621,590.

In the demand forecast for institutional investors conducted from June 10 to June 16, the company recorded a final competition rate of 1,443.69 to 1 and set the offering price at 15,300 won, which is the upper end of the desired price band (12,300 won to 15,300 won).

GFC Life Science is scheduled to be listed on the KOSDAQ market on June 30. The lead manager is Daishin Securities.