[Alpha Biz=(Chicago) Reporter Kim Jisun] YUJIN Technology announced on the 19th that as a result of forecasting demand for institutional investors, the public offering price was 17,000 won, exceeding the desired range (12,800∼14,500 won).

In the demand forecast conducted on the 11∼17th, 1,865 institutional investors participated in the recruitment of 787,111 shares, or 75% of the total public offering, recording a competition ratio of 914 to 1. The total amount of public offering is about 17.8 billion won.

YUJIN Technology's general investor subscription is 262,371 shares, or 25% of the total public offering, which will be held on the 23∼24th.

The scheduled date for listing on the KOSDAQ market is early next month and is organized by NH Investment & Securities.

Established in 2010, YUJIN Technology is a company specializing in secondary battery parts and materials, and its main products are secondary battery precision mechanical parts and lead taps. LG Energy Solutions and Samsung SDI are secured as customers.

Last year, it posted sales of 39.8 billion won and operating profit of 2.3 billion won.

 

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