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[Alpha Biz=(Chicago) Reporter Kim Jisun] Internet security firm Hanssag set the public offering price at 12,500 won, which is beyond the desired public offering price, after receiving demand forecasts from institutional investors.
According to the investment banking (IB) industry on the 18th, Hanssag received a five-day demand forecast for institutional investors from the 8th, and 1,879 domestic and foreign institutional investors participated, recording a competition ratio of 840 to 1.
Among them, 1,794 places (93.29%) offered prices that exceeded the desired public offering price range. As the public offering price rose, the total amount of recruitment also increased by 5.4 billion won (40%) from 13.35 billion won to 18.75 billion won based on the initial public offering price.
The representative organizer is KB Securities. KB Securities is the first listed company this year. KB Securities holds 175,000 shares (4.48% stake) of Hanssag. The stock acquisition price is KRW 5,714, and if the confirmed public offering price is maintained for more than six months, the company can earn a 118.8% gain in stock prices. It will receive applications from ordinary investors for two days from the 19th to the 20th. It will be listed on the KOSDAQ market on the 4th of next month.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
