Corporations pushing to newly list on the KOSDAQ market, including Semifive, will launch a wave of institutional investor book-building this week. In addition, TeraView, the first U.K. corporation to list on the KOSDAQ, will take subscriptions from retail investors this week.
According to the financial investment industry on the 23rd, in the fourth week of November (24–28), six corporations (general listings), including semiconductor design house Semifive and aerospace Start - Up Nara Space Technology, will begin book-building for institutional investors.
First, Semifive will conduct book-building starting on the 26th. Semifive's core business is a platform that helps design semiconductors, and as made-to-order semiconductors (ASIC) for small-lot, multi-product production become commonplace, the value of the company's platform is coming to the fore.
Semifive plans to raise 5.4 million shares in this offering, with the desired price set at 21,000–24,000 won. If the offering price is finalized at the top of the range after book-building, its market capitalization after listing is expected to exceed 800 billion won.
Nara Space Technology, known as Korea's only commercial small observation satellite operator, also scheduled book-building starting on the 26th. Weakened investor sentiment due to post-listing share price declines among aerospace Start - Ups is seen as a hurdle.
In addition, Digital Twin specialist EGIS and medical microneedle manufacturer QuadMedicine will start book-building. Vehicle software security specialist FESCARO and AI computation optimization technology corporation ACRYL also scheduled book-building.
TeraView Holdings, the first U.K. corporation to list on the KOSDAQ market, will take general subscriptions through the 24th. The company earlier set the offering price at 8,000 won, the top of the desired range. Bio corporation AimedBio will also take general subscriptions.