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[Alpha Biz=(Chicago) Reporter Kim Jisun] LS Materials of LS Group will be listed within the year with a public offering structure that has lowered concerns over overhang (large-scale potential sales).
According to the investment banking (IB) industry on the 29th, LS Materials conducted a demand forecast for institutional investors from the 22nd to the day with the aim of listing on the KOSDAQ on the 12th of next month.
LS Materials held an Initial Public Offering (IPO) press conference in Yeouido, Seoul, and said, "It is still early to reveal the results, but the atmosphere of demand forecasting is not bad." According to the results of the demand forecast, the company is planning to announce the final public offering price on the 30th.
The company will launch a general public offering on the 1st and 4th of next month and be listed in mid-December. The total number of shares for the public offering is 14,625,000 and the desired range of the public offering price (band) is 4,400 won to 5,500 won. The total expected amount of public offering is 64.3 billion won to 80.4 billion won. The estimated market capitalization after listing is 297.6 billion won to 372 billion won.
Established in 2021, LS Materials manufactures ultracapacitor (UC) for energy storage devices used in electric vehicles (EV) and renewable energy generation and supplies them to secondary batteries and wind power-related companies. UC is known to be able to replace and supplement lithium-ion batteries due to ultra-high-speed charging and long life span.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
