[Alpha Biz=(Chicago) Reporter Kim Jisun] Fadu, a semiconductor design company that is considered a big IPO in the second half of this year, is going to be listed in earnest.

Fadu announced on the 3rd that it submitted a securities report for KOSDAQ listing on the 30th of last month. Previously, Fado applied for a preliminary screening on the Korea Exchange in March and passed the screening at the end of last month.

Fadu will conduct a demand forecast for institutional investors from the 24th to the 25th to finalize the public offering price and conduct a general subscription from the 27th to the 28th. It plans to complete the KOSDAQ listing by August. NH Investment & Securities co-hosted the event and Korea Investment & Securities co-hosted it.

Fadu is a company specializing in semiconductor design for data centers and has already passed the rigorous certification process of global data center companies. It has proved its global level of technology by successfully supplying mass production of semiconductor products.

Fadu's consolidated sales were 5.1 billion won in 2021, but surged to 56.4 billion won last year. During the same period, the company also succeeded in turning its operating profit into a surplus of 1.5 billion won.

Fadu has attracted attention as the first unicorn (unlisted company with corporate value of more than 1 trillion won) startup in Korea. In February this year, it was recognized for its corporate value of about 1.8 trillion won in attracting about 12 billion won worth of pre-listed equity investment (free IPO).

Fadu suggested the desired offering price range of 26,000 won to 31,000 won. The estimated market capitalization at the top of the public offering price was KRW 1.4898 trillion, up 38% from the corporate value recognized during the free IPO in February.

 

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