Korean firms cut IPO prices, volumes amid bearish sentiment

Quick Summary:

The new price is expected to lower its estimated market capitalization to 1.8 trillion won-2.2 trillion won from the previous 2.8 trillion won-3.6 trillion won.Orum Therapeutics Inc.received subscriptions from institutional and retail investors on Tuesday and Wednesday to sell 2.5 million shares for 20,000 won apiece for an IPO on the junior Kosdaq.

South Korean companies resumed attempts to go public with lower valuations and fewer shares as investor sentiment remained soured.CK Solution Co., a secondary battery dry room company, on Tuesday filed a securities registration statement with a financial authority for an initial public offering on the main Kospi bourse again.

CK Solution aims to sell 1.5 million shares, less than half of the 3.1 million stocks initially planned last year, for a price band of 13,500 won-15,000 won ($9.3-$10.4), lower than its previous guidance of 15,700 won-18,000 won.

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Category: Economy

Markets: South Korea

Topics: Last Trillion Shares Million Listing Price Band Guidance Lower Company Sell

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 18:04:45 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 289 words

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