SEOUL, KOREA – This year has seen new listings on KOSDAQ (Korea Securities Dealers Automated Quotation) hit a winning streak.
Amid growing expectations on the Korean stock market at the beginning of this year, a slew of relatively sound companies rushed to list their shares on KOSDAQ in the first two months of this year, sending scheduled IPO prices reaching the upper end of their price bands.
On Tuesday, Korea Exchange (KRX) said four out of the total six companies that have decided their IPO prices saw their IPO prices nearing the cap of their price bands. Zero To Seven, Fortis and i-SENS are among the four.
Fortis, the first company listed on KOSDQ in 2012, has set its IPO price at the high-end of its price band (KRW 3,500 ~ KRW 3,900) after carrying out a two-day survey on demand from institutional investors last month.
During Fortis’s two-day demand forecasting, 90% of the surveyed submitted bids above the KRW 3,500 - KRW 3,900 band.
And i-SENS will offer its shares at KRW 19,000, the cap of its price band.
Sean Chung (hbpark@etnews.com)
**Article provided by etnews [Korea IT News]
[Reference] : http://english.etnews.com/electronics/2715655_1303.html