Semiconductor materials corporation Samyang NC Chem has set the public offering price at 18,000 won.
Samyang NC Chem conducted a demand forecast for institutional investors from the 6th to the 10th, and announced on the 14th that it has set the public offering price at the upper end of the desired range (16,000 to 18,000 won) at 18,000 won.
A total of 2,242 domestic and foreign institutions participated in this demand forecast. The competition ratio was recorded at 1,242.26 to 1. The total public offering amount is expected to be 19.8 billion won, and the market capitalization after listing is projected to reach 194.9 billion won.
Samyang NC Chem, a subsidiary of Samyang Group, was established in 2008 and manufactures and sells key materials for semiconductor photoresist (PR). Until the third quarter, it recorded sales of 81.2 billion won and an operating profit of 8 billion won.
Meanwhile, the company plans to utilize the funds raised from its public listing to repay borrowing funds in order to secure financial soundness, and it will go through the general subscription on the 16th and 17th before being listed on the KOSDAQ market on the 3rd of next month.