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[Alpha Biz=(Chicago) Reporter Kim Jisun] LS Materials announced on the 30th that it has confirmed the public offering price higher than the top of the Hope Band, recording a competition rate of 400 to 1 in its demand forecast for institutional investors.
On this day, LS Materials decided that the public offering price would be 6,000 won, about 10% higher than the top of the desired range (4,400 ~ 5,500 won), as a result of the demand forecast conducted for five trading days from the 22nd to the 28th of last month.
2,025 institutions participated in the demand forecast and applied for 4,190,282,000 shares. The final demand forecast competition rate was 396.84 to 1.
All institutional investors who offered the price paid above the public offering price range. There are 77 agencies that have not been put on the list. As the public offering price was decided at 6,000 won, the public offering amount increased to about 87.8 billion won.
LS Materials will offer a two-day subscription for general investors on the 1st and 4th of next month. Subscriptions can be received through KB Securities, Kiwoom Securities, NH Investment & Securities, eBEST Investment & Securities, and Hi Investment & Securities. LS Materials plans to go public on the KOSDAQ market on the 12th of that month.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
