Douinsys, IPO Price Set at 32,000 Won... Upper Range of Offering

[Financial News] Douinsys announced on the 11th that it has finalized the IPO price at 32,000 won for its KOSDAQ listing.
From the 3rd to the 9th, Douinsys conducted a demand forecast for institutional investors, with a total of 2,180 domestic and foreign institutions participating, recording a competition ratio of 785.41 to 1. Among the participating institutions, 98.5% offered prices above the upper end of the desired IPO band (29,000 won~32,000 won).
Douinsys will raise a total of 1.4 million shares through this offering. The offering amount is 44.8 billion won, and the expected market capitalization after listing is approximately 344.2 billion won.
General subscription will take place over two days on the 14th and 15th, and the listing is scheduled for the 23rd. The listing manager is Kiwoom Securities.
Douinsys, established in 2010, is a company specializing in ultra-thin glass (UTG) for displays. UTG is a transparent material covering the display of smartphones and other devices, and is very thin, allowing for various forms of transformation. Currently, it supplies UTG to global clients, including Samsung Display.


yimsh0214@fnnews.com Sanghyuk Lim, Reporter