From aerospace to metaverse…Continuing public offering stock success

Input 2021.03.14 14:43

The subscription to public offering stocks including SK Bioscience, which has collected close to 64 trillion won in margin, is hot. Companies preparing to be listed on the KOSDAQ market are continuing to show high competition rates in demand forecasting for institutional investors, and are confirming the offering price.

According to the financial investment industry on the 14th, Genoco, a specialized aerospace communication company, recorded a competition rate of 1452:1 in the results of demand forecasting for institutions conducted on the 9th-10th. The public offering price was 36,000 won, which exceeded the existing public offering hope band (27,000-33,000 won).

Genoco is a satellite communication component manufacturer established in 2004. Its main business areas are satellite mounting, satellite ground stations, ESGE (electric ground support equipment), and inspection equipment. Recently, based on its own technology, it has succeeded in developing parts for satellite image transmission, which are the core parts of a satellite mounting body.

It turns out that most institutions have applied for prices above the top of the band. Based on the number of applications, 90.63% suggested 36,000 won or more, and 5.87% did not provide the price. Usually, a price failure is considered to be above the top of the band. The ratio of the number of applications for mandatory retention commitment was 22.15%.

Giant Step, a company specializing in visual effects (VFX) and creative technology, recorded 1691.65 to 1 demand forecasting competition. It is an all-time high that broke the i-quest (1504.02-1) in January. The public offering price was confirmed to be 11,000 won, which is the top of the Hope Band (9000~11,000 won).

Like Genoko, 96.43% of the participating organizations offered prices that exceeded the desired range for the public offering, while Giant Step confirmed the final public offering price as the top of the band. The ratio of the number of applications for mandatory retention commitment was at the level of 24.42%.

GiantStep has grown based on the TV advertising market, and is investing in business fields such as AI (artificial intelligence)-based VFX solutions and virtual character production in line with the new media trend. It has recently been selected as a beneficiary of the metaverse, a compound word of meta and the real world, which is attracting the attention of investors.

On the other hand, Genoko is preparing to list on the 24th as a special technology listing. The total number of publicly offered stocks is 490,000, and the subscription is expected to be offered to general investors on the 15th to 16th. The amount of procurement through this public offering is about 17.6 billion won, and the subject of listing is DB Financial Investment.

Giant Step is scheduled to be listed on the 15th~16th through subscription to general investors. The total number of publicly offered stocks is allocated to 1.4 million shares, or 25%, or 350,000 shares, and 50% of the total is allocated equally. Korea Investment & Securities is in charge of listing.