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Korea IPO week: JinCostec closes retail subscription, Ellice Group opens Oct 7-8
Коротко
South Korea's IPO market restarts after the early-October holiday week, with JinCostec wrapping up its retail subscription on Oct 6 and Ellice Group scheduled to take retail orders on Oct 7-8, Seoul Economic Daily reported. Four other companies — DTS, T&I Korea, Davio and Ucast — begin or continue institutional demand forecasts, and no new listings are due this week.
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South Korea's IPO market restarts in the week after the early-October holiday, with two companies taking retail subscriptions and four others running institutional demand forecasts, Seoul Economic Daily reported, citing the financial investment industry. No new listings are scheduled this week. [ 2 ]
JinCostec, a company that develops and produces cosmetics materials and finished products on an original design manufacturing basis, is transferring from KONEX to KOSDAQ. It began its retail subscription on Oct 2 and closed it on Oct 6, having fixed its offer price at 23,500 won, the top of its indicative range. Hana Securities is the lead manager. [ 2 ]
Ellice Group, an AI education and infrastructure company, planned to fix its offer price on Oct 6 and to take retail subscriptions on Oct 7 and 8. Its indicative range is 70,400 to 90,500 won, with Mirae Asset Securities as lead manager and Samsung Securities as co-manager. The schedule was pushed back from last month because the company reflected supplementary comments from the Financial Supervisory Service's review of its securities registration statement, the newspaper said. Korea Economic Daily reported that the company is moving toward becoming a full-stack AI infrastructure business with large capital spending, and its headline described the move as a 1 trillion won valuation bet; the paper said overcoming a heavy reliance on public-sector revenue and securing private demand are the key tasks ahead. [ 2 , 3 ]
On the institutional side, DTS is running a demand forecast through Oct 8 and will fix its offer price on Oct 12, with an indicative range of 17,000 to 18,500 won; the company designs and produces heat exchangers, including heat recovery steam generators and air-cooled units, with Daishin Securities as lead manager. T&I Korea, Davio and Ucast all begin demand forecasts on Oct 7 and run them through Oct 14. T&I Korea, which makes high-speed turbo machinery systems based on high-speed motors and air bearings and has expanded from water-treatment turbo blowers into hydrogen power and hydrogen vehicles, has an indicative range of 12,600 to 15,300 won. Davio, a spatial information AI company that builds map data by analysing satellite and aerial imagery, has a range of 12,300 to 16,600 won. Ucast, which develops mobile network equipment, has a range of 21,000 to 26,000 won, with Eugene Investment & Securities as lead manager. [ 2 ]
Maeil Business also published a weekly stock market calendar on Oct 5, but no content beyond the title was available. [ 1 ]
Почему это важно
The week's calendar shows a Korean IPO pipeline resuming after a holiday lull, with sectors ranging from cosmetics materials to AI, space data and telecom equipment. For readers outside Korea the event is largely a domestic listing-schedule matter, so its significance is limited to those tracking Korean equity issuance.
Ключевые факты
- JinCostec, a cosmetics materials and finished-product ODM company moving from KONEX to KOSDAQ, fixed its offer price at 23,500 won, the top of its range, and closed its retail subscription on Oct 6. [ 2 ]
- Ellice Group, described as an AI education and infrastructure company, planned to fix its offer price on Oct 6 and hold retail subscriptions on Oct 7-8 at an indicative range of 70,400 to 90,500 won. [ 2 ]
- Mirae Asset Securities is Ellice Group's lead manager and Samsung Securities is co-manager, while Hana Securities is JinCostec's underwriter. [ 2 ]
- DTS is running a demand forecast through Oct 8 and will fix its price on Oct 12, with an indicative range of 17,000 to 18,500 won. [ 2 ]
- T&I Korea, Davio and Ucast all begin institutional demand forecasts on Oct 7 and run them through Oct 14. [ 2 ]
- No new listings are scheduled in Korea this week. [ 2 ]
- Seoul Economic Daily said Ellice Group's schedule slipped from last month because it reflected supplementary comments from the Financial Supervisory Service's review of its securities registration statement. [ 2 ]
- Korea Economic Daily's headline described Ellice Group's move as a 1 trillion won valuation bet on AI infrastructure. [ 3 ]
Пока неясно
- Whether Ellice Group actually fixed its offer price on Oct 6 as scheduled. Seoul Economic Daily said the company planned to fix the price that day; no document confirms the price was set.
- Ellice Group's financial performance, public-sector revenue share and capital spending plans. Korea Economic Daily's article body was not readable — only its headline and introductory lines were available, and it points readers to a premium subscription.
- The content of Maeil Business's weekly market calendar. Only the title was available; the feed carried no summary text.
- Final offer prices for DTS, T&I Korea, Davio and Ucast. Seoul Economic Daily listed only indicative price ranges and expected pricing dates.
Что пишут местные СМИ
Хронология, местное время
- Maeil Business publishes its weekly stock market calendar. [ 1 ]
- JinCostec begins its retail subscription. [ 2 ]
- Seoul Economic Daily reports that JinCostec closes its retail subscription and that Ellice Group is to fix its offer price. [ 2 ]
- Korea Economic Daily publishes its analysis of Ellice Group's KOSDAQ listing push. [ 3 ]
- T&I Korea, Davio and Ucast begin institutional demand forecasts; Ellice Group's retail subscription is scheduled to open. [ 2 ]
- DTS's demand forecast ends and Ellice Group's retail subscription is scheduled to close. [ 2 ]
- DTS is due to fix its offer price. [ 2 ]
- Demand forecasts for T&I Korea, Davio and Ucast are due to end. [ 2 ]