Hana Office REIT, Hana Financial Group's first publicly offered, listed REIT, will conduct a book-building for institutional investors this week (Mar. 23–27). Inventera, a company specializing in NANO contrast-agent MRI nanomedicines, will take retail subscriptions.
According to the financial investment industry on the 22nd, Hana Office REIT will conduct a two-session book-building for institutional investors on the 23rd–24th. After confirming the offer price, subscriptions from retail investors will run on the 31st and Apr. 1. Listing is scheduled for Apr. 17.
A REIT is a company that pools investment funds to generate revenue through real estate assets as an indirect real estate investment vehicle. The offer price is set at 5,000 won per share, with the offering size at 126 billion won. 82 billion won will be allocated to institutional investors and 44 billion won to retail investors.
Hana Office REIT's asset holdings are two properties: Hana Financial Group's Gangnam building near Gangnam Station and Taekwang Tower. As a principle, more than 80% of total assets will be offices, and in particular, more than 50% will be assets in the Gangnam area with low vacancy rates.
Inventera, a company specializing in nanomedicine development, will take retail investor subscriptions from the 23rd to the 24th. From the 11th to the 17th, it ran a five-session institutional book-building and set the offer price at 16,600 won, the top of the indicated price band.
The book-building for Chaevi, an electric-vehicle charging infrastructure operator (CPO) that set its post-listing valuation at up to 729.7 billion won, has been pushed to next month. It had planned to run institutional book-building from the 23rd to the 27th, but it was postponed due to an amended securities registration statement.
Meanwhile, this week, Hanpass, a comprehensive lifestyle and financial platform for foreigners, and MEZOO, a Digital Healthcare company touting remote patient monitoring technology, will debut on the KOSDAQ market side by side. Specifically, Hanpass will list on the 25th and MEZOO on the 26th on the KOSDAQ market.