The 3D printing corporation Lincsolution successfully attracted demand from institutional investors for its listing on the Korea Securities Dealers Automated Quotations (KOSDAQ) market.
According to the financial investment industry on the 26th, Lincsolution confirmed the final offering price at 23,000 won, the upper range of the hoped-for price range (20,000 to 23,000 won), after conducting demand forecasting for institutional investors from the 16th to the 22nd. The total amount raised is approximately 20.7 billion won, and the expected market capitalization after listing is around 133.5 billion won.
A total of 2,202 domestic and foreign institutions participated in this demand forecast, recording a competition ratio of 1,159.43 to 1. Ninety-nine percent of the total participation volume (including unrequested prices) proposed prices above the upper band.
Founded in 2015, Lincsolution is a 3D printing solution corporation. It has a diverse range of equipment as its main product line, including 'SLA' for high-speed mass production, 'FDM' for high-performance and high-function parts production, and 'MBJ' for mass production of small precision metal parts.
Lincsolution plans to use the funds secured from this offering to complete the establishment of a large-scale automated 3D printing mass production system.
Lincsolution plans to go public on the Korea Securities Dealers Automated Quotations (KOSDAQ) market on June 10 after undergoing a public subscription for general investors scheduled for the 27th and 28th. Shinyoung Securities is acting as the underwriter for the listing.