[Apha Biz=(Chicago) Reporter Paul Lee] A margin of 12 trillion won was attracted to the general subscription of Shinsung ST, a secondary battery electronics company.

According to the investment banking (IB) industry on the 12th, Shinsung ST's general investor subscription resulted in a final competition ratio of 1,891 to 1.

The subscription margin is estimated at about 12.3,000 trillion won.

It is the largest amount since Pil Energy, which was listed on the KOSDAQ with 15.7,578 trillion won.

Shinsung ST makes key components of electric vehicles and energy storage unit (ESS) batteries.

It is said to be working with global battery companies such as LG Energy Solutions and SK On.

The funds secured through the listing will be used to advance into the North American market and upgrade the product line, which aims to become a global rechargeable battery company.

Shinsung ST will be listed on the KOSDAQ market on the 19th after payment on the 13th.

 

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