[Alpha Biz=(Chicago) Reporter Kim Jisun] LS Materials collected a margin of about 13 trillion won in subscription for general investors.
LS Materials, which is set to be listed on the KOSDAQ market, announced on the 4th that it had a competition ratio of 1164.5 to 1 as a result of applying for public offering shares for general investors.
The subscription margin was KRW 12.7731 trillion. The subscription was made for 3,656,250 shares, or 25.0% of the total public offering.
Earlier, LS Materials conducted a demand forecast for institutional investors last month and recorded a competition rate of 396.8 to 1. The initial public offering price was set at 6,000 won, exceeding the desired range (4,400 won to 5,500 won).
LS Materials will proceed with the payment of margin and refund process on the 6th. The sovereign trading will begin on the 12th.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
