With the long Chuseok holiday over, the initial public offering (IPO) market is shifting into full gear. As corporations preparing to list on the stock market move into full-fledged book-building, expectations are rising that the market will show strong activity.
According to the financial investment industry on the 9th, starting with AI corporation Nota on the 14th, eight corporations will conduct book-building this month.
Aerospace corporation Vitzro Nextech and environmental test equipment corporation INNOTECH will conduct book-building on the 16th, and optical solution corporation Green Optics will begin on the 17th. After that, Sena Technologies (23rd), Curiosis (27th), The Pinkfong Company (28th), and Nara Space Technology (30th) are also waiting to conduct book-building.
With eight corporations set to attempt listings on the domestic stock market this month, the IPO market, which had been somewhat sluggish, is expected to pick up. Financial authorities recently raised concerns about a bubble in public offerings and tightened IPO rules. By requiring that at least 30% of the institutional allocation be mandatorily assigned to institutions with lock-up commitments, securities registration filings dropped sharply. 4 new listings last month showed a contracted market compared to the usual monthly average of 7–9.
However, with S2W and Myung In Pharm making successful debuts recently, expectations are emerging that the sluggish IPO market will regain some momentum. On their first day of listing, S2W and Myung In Pharm rose 81.4% and 110.17% from their offer prices, respectively.