In the fourth week of this month (June), Autocrypt will conduct a book-building process for institutional investors. Nuenaiai and Scynic Solution are preparing for their general public subscription offerings.
<Book-building>
◆Autocrypt= Autocrypt is the only domestic company specializing in global next-generation vehicle software security, developing and supplying automotive security solutions since 2007, and has the longest track record in the industry. In particular, it is the only domestic global company chosen by 21 automakers as a core supplier of vehicle cybersecurity solutions, which will be mandatory for approximately 1.6 billion vehicles worldwide.
The company plans to offer a total of 1.4 million shares, with an expected offering price between 18,700 and 22,000 won per share, and a total offering size between 26.2 billion and 30.8 billion won. The book-building process for domestic and overseas institutional investors will be held over five days from June 24 to June 30. The general public subscription will take place over two days, July 3 and 4. The lead underwriter is Daishin Securities.
<General Public Subscription>
◆Nuenaiai= The final offering price has been set at the upper end of the desired range (13,000 to 15,000 won), at 15,000 won. The book-building competition ratio was 995.61 to 1. The total amount raised is 33.3 billion won, and the market capitalization after listing is expected to be 133.2 billion won. Subscription will be held over two days, June 23 and 24, with plans to list on the KOSDAQ market in early July. The lead underwriter is NH Investment & Securities.
Founded in 2004, Nuenaiai is an AI analytics company providing enterprise subscription services based on artificial intelligence technology. Leveraging its conversational language model 'Quetta' AI technology, the company offers customer-tailored, subscription-based AI analytics solutions.
◆Scynic Solution= The expected offering price is between 4,000 and 4,700 won. The book-building process was held over five days until June 20. Subscription will take place on June 25 and 26, with the goal of listing on the KOSDAQ market within this year. The lead underwriter is Daishin Securities.
Founded in 2005, Scynic Solution is a design solution company that serves as a bridge between fabless companies specializing in system semiconductor design and foundries specializing in contract manufacturing. The company works closely with global foundries such as SK hynix System IC, SK key foundry, and Taiwan's PSMC, and has secured more than 220 domestic and international clients.
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