GigaVis, one of the “biggest names” in initial public offerings (IPOs) in the first half of the year, is close to going public.
According to the Korea Exchange on the 21st, Gigavis will be listed on the KOSDAQ market on the 24th.
GigaVis is a global semiconductor equipment company that manufactures and sells semiconductor substrate automatic optical inspection (AOI)메이저사이트 and automatic optical repair (AOR) machines.
Its core business is to make equipment that inspects semiconductor substrates for defects using optical technology (AOI equipment) and repairs defects using laser processing technology to improve yields (AOR equipment).
The company is expected to generate annual sales of 99.7 billion won and operating profit of 33.8 billion won in 2022, and according to listed brokerage Samsung Securities, 9.821 trillion won in subscription deposits have been raised in anticipation of investors.
Gigabyte’s general subscription, which took place on the 15th and 16th, was ultimately oversubscribed by 823.74 to 1.
Earlier, on September 9-10, the company held an institutional investor demand forecast, which was 1,669 to 1, and the offering price was finalized at 43,000 won, which was above the offer price band (34,400 to 39,700 won).
The estimated post-listing market capitalization is KRW 545 billion (12,675,758 total shares). If the company succeeds in ‘topping out’ (the upper limit after the opening price is twice the initial public offering price), it is expected to enter the top 40 of KOSDAQ’s market capitalization.