3D printing solution company Lincsolution secured over 2.5 trillion won in deposits during its public offering for general investors ahead of its listing on the KOSDAQ market.
On the 28th, Lincsolution stated that it secured deposits worth 2.5864 trillion won during the two days of general investor subscriptions from the 27th to that day. The competition rate was recorded at 1,999 to 1.
Lincsolution was established in 2015 as a specialized company in 3D printer equipment. Its main product, 'MBJ,' enables mass production of small precision metal parts, and it recorded approximately 11.2 billion won in revenue and an operating loss of 4 billion won last year.
Lincsolution will offer a total of 900,000 shares in this listing. Earlier, it conducted demand forecasting for institutional investors, confirming the offering price at the upper limit of 23,000 won per share.
The company will be listed on the KOSDAQ market on the 10th of next month after the payment on the 30th of this month. The listing is being managed by Shinyoung Securities.