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(Photo=HD Hyundai Marine Solution) |
[Alpha Biz= Reporter Kim Jisun] It is heard that HD Hyundai Marine Solution, which is scheduled to be IPO in the first half of this year, is likely to set the public offering price above the band (range of desired public offering price).
According to the investment banking (IB) industry on the 22nd, HD Hyundai Marine Solutions recorded a competition rate of about 200 to 1 in the institutional demand forecast conducted from the 16th to 4 pm on the same day. It was reported that it was already over 150 to 1 at 12 pm.
HD Hyundai Marine Solutions is a subsidiary of HD Hyundai with a 62% stake. A total of 8.9 million shares will be colluded at this IPO. Of them, 4.45 million are new shares, while the remaining 4.45 million are old shares owned by KKR, the second-largest private equity fund (PEF) operator.
According to the IB industry, many domestic institutions wrote down 90,000 won or 100,000 won in this demand forecast. The price goes well beyond the top of the band (73,300 ~ 83,400 won). A number of "big hands" in Korea, including the National Pension Service, and large foreign institutions reportedly participated.
HD Hyundai Marine Solutions will receive public subscription from general investors for two days from 25th to 26th. The representative organizers are KB Securities, UBS and JP Morgan.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
