Lincsolution, a 3D printing technology company, is showing strength early in the trading session on the 10th, the first day of its listing on the KOSDAQ.
As of 9:06 a.m. on that day, Lincsolution is being traded at 32,350 won, up 9,350 won (40.65%) from the offering price of 23,000 won.
Lincsolution recorded a competition rate of 1,159 to 1 in the demand forecast for institutional investors held from the 16th to the 22nd of last month. A total of 2,202 domestic and foreign institutions participated, and the offering price was confirmed at the upper end of the proposed range of 20,000 to 23,000 won.
In the general investor subscription held over two days on the 27th and 28th of last month, a competition rate of 1,000 to 1 was observed. About 2.59 trillion won was gathered as subscription deposits.
Founded in 2015, Lincsolution develops and supplies 3D printer equipment. It was established as a startup through the entrepreneurship support program at Korea University of Technology and Education and is a notable example of a university startup that was later incorporated into a technology holding company.
Lincsolution plans to use most of the funds secured from this listing for expanding its 3D printing dedicated manufacturing foundry in Daejeon. Additionally, it aims to enter the smart plant turnkey solution business after 2028 by benchmarking successful cases of global corporations that have introduced 3D printing production facilities.
Recent representative of Lincsolution stated, "I want to address the challenges of workforce shortages and automation transitions faced by Korean manufacturing through 3D printing technology."