TeraView Holdings, a U.K. ultra-precision inspection equipment specialized corporations seeking a KOSDAQ listing, set its offering price at 8,000 won.
On the 20th, TeraView Holdings said it conducted book-building for five trading days from the 13th to the 19th with domestic and overseas institutional investors and finalized the offering price at 8,000 won, the top end of the indicative range (7,000–8,000 won).
A total of 1,811 institutions at home and abroad participated, and 1,793 institutions were counted as having submitted prices at or above the top end of the indicative range. The lockup commitment ratio was weak at 13% (244 institutions). Even that was concentrated on the 15th.
TeraView Holdings is a U.K.-based ultra-precision inspection equipment specialized corporations that filed a preliminary listing review with the Korea Exchange (KRX) in May, stepping up its listing push. This is the first attempt by a U.K. corporations to list on the KOSDAQ market.
TeraView Holdings was the first to commercialize terahertz-based semiconductor inspection equipment and has already secured Samsung Electronics as a client. It chose a domestic listing with the goal of expanding sales to Korea's semiconductor manufacturing corporations and secondary battery manufacturers.
By listing depositary receipts (DRs), the company will raise a total of 5 million DRs in this offering. Based on the finalized offering price, the offering amount is set at 40 billion won. Its market capitalization after listing is estimated to be about 284.1 billion won.
Don Arnon, CEO of TeraView Holdings, said, "We plan to establish a major foothold in Korea through a KOSDAQ market listing," adding, "We will also strengthen our research and development (R&D) capabilities through collaboration with Korea's advanced industry partners."
Meanwhile, TeraView plans to take subscriptions from retail investors from the 21st to the 24th and list on the KOSDAQ market on Feb. 9. The underwriter is Samsung Securities.