On the first day of entering the KOSDAQ market on the 25th, the stock price of LK CHEM is strong.
As of 9:09 a.m. on that day, LK CHEM is trading at 73,900 won, which is an increase of 52,900 won (251.90%) compared to the offering price of 21,000 won. After the market opened, expectations are growing for 'double' (doubling from the offering price) and 'double-double' (quadrupling from the offering price).
LK CHEM recorded a competitive ratio of 1,052.62 to 1 during the demand forecast conducted for institutional investors from the 4th to the 10th. A total of 2,109 domestic and foreign institutions participated. The offering price was set at the upper end of the desired range (18,000 to 21,000 won) at 21,000 won.
The general investor subscription for public shares, which took place for two days starting on the 13th, showed a competitive ratio of 652.56 to 1. The subscription deposit amounted to 1.713 trillion won.
Founded in 2007, LK CHEM is a corporation that develops and manufactures ligands and precursors for semiconductor thin film deposition processes (ALD). The company plans to invest the funds raised through its listing into building production facilities for precision organic chemical materials and high-purity chemical materials. Through the expansion of synthesis and refining facilities, it aims to strengthen production capacity and secure global competitiveness in the core materials market for semiconductors.
Lee Chang-yup, CEO of LK CHEM, noted, 'Through the KOSDAQ listing, we will further expand our position in the global semiconductor market by strengthening our capabilities in developing various new materials, including perovskite materials, and leap toward becoming a leading materials corporation in the world.'