Semiconductor equipment specialized company ISTE has announced on the 2nd that it will submit a securities registration statement to the Financial Services Commission and resume the public offering process for listing on the KOSDAQ market.
ISTE previously submitted a securities registration statement in October last year and began the listing public offering process, but canceled the remaining schedule due to poor demand forecast from institutional investors.
The company plans to recruit 1.3 million shares in this listing. It had previously aimed to recruit 1.6 million shares but chose to reduce the amount.
However, the hope for the public offering price range (band) remains at 9,700 to 11,400 won. Based on the upper limit of the band, the public offering amount is estimated to be 14.8 billion won, and the market capitalization after listing is estimated to be between 87.3 billion won and 102.6 billion won.
An official from ISTE noted, “Considering the volatility of the domestic stock market, we have adjusted the public offering amount in a market-friendly manner.”
ISTE, known as a manufacturer of semiconductor equipment called “FOUP cleaner,” was established in 2013. Samsung Electronics and SK Hynix are among its clients, with sales reaching 27.2 billion won last year.
Meanwhile, ISTE will receive demand forecasts from institutional investors for five business days from January 21 to 27. Following this, general subscriptions will be conducted on the 3rd and 4th of next month, aiming for a listing in February.