The domestic semiconductor material corporation Samyang NC Chem successfully attracted over 3 trillion won in subscriptions from individual investors during its public offering.
According to the financial investment industry on the 17th, Samyang NC Chem recorded a competitive ratio of 1,282 to 1 from its public offering subscription for individual investors that took place from the 16th to this day. The number of subscriptions reached 160,140, and the subscription deposit totaled 3.1737 trillion won.
Earlier, Samyang NC Chem finalized its public offering price at 18,000 won based on demand forecasting for institutional investors. A total of 2,242 institutions participated in the demand forecast, achieving a competitive ratio of 1,242.26 to 1. Among them, 96.3% of institutional investors proposed prices above the upper end of the desired public offering price range (16,000 to 18,000 won).
Samyang NC Chem is a specialized company for key materials for semiconductor photoresists (PR), established in 2008. It has domestically produced the key components of photoresist materials, such as polymers and photoactive compounds (PAG), essential for semiconductor manufacturing, and exported photoresist materials to global companies in Japan and the U.S., entering the global market. It was incorporated into the Samyang Group in 2021.
Jeong Ho-sik, CEO of Samyang NC Chem, said, "Through this listing, we will secure future growth engines and establish ourselves as a sustainable global semiconductor materials corporation through the development and mass production of next-generation semiconductor materials."
Samyang NC Chem plans to be listed on the Korea Securities Dealers Automated Quotations (KOSDAQ) market on the 3rd of next month. KB Securities is in charge of the listing.