[IPO Chat] 10 demand forecasts this week… Two companies including Jincotech are listed
Quick Look
- Starting the week after the Hangeul Day holiday (12th to 16th), 10 companies, including Intellibix and Creates, will begin forecasting demand for institutional investors, and the IPO market will resume in earnest.
- The public offering price range is diverse, including 7,600 to 9,000 won for Intellibix and 15,000 to 18,000 won for Creates, and some companies also conduct subscriptions for general investors.
AI-generated summary
Why It Matters
After the Hangul Day holiday, the IPO market will resume, and demand forecasting for institutional investors will begin in earnest. This week, 10 companies, including Intellibix and Creates, are conducting demand forecasting, and some companies are also accepting subscriptions from general investors.
(Seoul = Yonhap News) Reporter Jeong Hoe-in = In the week following the Hangeul Day holiday (12th to 16th), the initial public offering (IPO) market will resume in earnest with 10 companies conducting demand forecasts for institutional investors.
According to the financial investment industry on the 10th, artificial intelligence (AI) video analysis company Intellibix and golf simulator company Creates will begin predicting institutional demand from the 12th to the 16th.
Intellibix is a company that develops solutions that use AI-based video analysis technology to recognize people and vehicles in closed-circuit (CC) TV videos and detect abnormal situations. The desired public offering price is 7,600 to 9,000 won.
Creates is a company that develops golf-related hardware and software, such as golf simulators and launch monitors, and the desired public offering price is 15,000 to 18,000 won.
Module solution company Yeonggwang and AI infrastructure software company Ravel Up will be evaluated by institutional investors from the 13th to the 19th.
Rabble Up is a company that developed 'Backend.AI', a platform that efficiently distributes and manages computing resources such as AI semiconductors. The desired public offering price is 19,000 to 22,000 won, and NH Investment & Securities is responsible for the listing.
ESST will conduct demand forecasting from the 14th to the 20th, and AL Robot will conduct demand forecasting from the 15th to the 21st.
MBD, a 3D cell culture-based precision medicine platform company, will also undergo institutional evaluation starting on the 16th. The desired public offering price is 9,600 to 11,700 won, and demand forecasts will be conducted until the 22nd.
TNE Korea, Ucast, and Davio, which previously started forecasting demand, will accept institutional orders until the 14th.
TNE Korea, a company specializing in high-speed turbo machinery, produces air blowers for hydrogen power generation and turbo blowers for water treatment, and the desired public offering price is 12,600 to 15,300 won.
Ucast, a mobile communication network equipment company, proposed 21,000 to 26,000 won, and Davio, a spatial information AI company, suggested 12,300 to 16,600 won as the desired public offering price, respectively.
MS Bio and DTS will participate in the public offering subscription for general investors.
MS Bio, a company specializing in regenerative medicine, will hold general subscriptions on the 12th and 13th. The public offering price was set at 7,800 won, at the top of the desired range (6,800 to 7,800 won).
DTS, a company specializing in heat exchangers for power generation and plants, will hold general subscriptions on the 13th and 14th. The desired public offering price is 17,000 to 18,500 won.
Jinkostech and Melcon will enter the KOSDAQ market side by side on the 15th.
Jinkostech, a cosmetics manufacturer development and production (ODM) company that is moving from KONEX to KOSDAQ, confirmed its public offering price at 23,500 won, the top of the desired range.
Semiconductor equipment company Melcon also decided to set its public offering price at 12,300 won, the highest of its desired range, and list it on the KOSDAQ market.
◇ Institutional demand forecast
▲ Intellivix, KOSDAQ, 7,600-9,000 won (scheduled to be confirmed on October 20), 12-16, public offering stock subscription 21-22, lead underwriter Mirae Asset Securities
▲ Creates, KOSDAQ, 15,000-18,000 won (scheduled to be confirmed on October 19th), 12th-16th, public offering subscription on 20th-21st, lead underwriter Samsung Securities
▲ TNE Korea, KOSDAQ, 12,600-15,300 won (scheduled to be confirmed on October 16), 7-14 days, public offering subscription on 20-21 days, lead underwriter Shinhan Investment & Securities.
▲ Ucast, KOSDAQ, KRW 21,000-26,000 (scheduled to be confirmed on October 16), 7-14 days, public offering subscription on 19-20 days, lead underwriter Eugene Investment & Securities, underwriter Shinyoung Securities.
▲ Davio, KOSDAQ, 12,300 to 16,600 won (scheduled to be confirmed on October 15), 7 to 14 days, public offering stock subscription 19 to 20 days, lead underwriter Daishin Securities
▲ Yeonggwang, KOSDAQ, 14,000 to 17,000 won (scheduled to be confirmed on October 21), 13th to 19th, subscription for public offering 22nd to 23rd, lead underwriter Korea Investment & Securities.
▲ Ravel Up, KOSDAQ, 19,000-22,000 won (scheduled to be confirmed on October 21), 13-19 days, public offering subscription 22-23 days, lead underwriter NH Investment & Securities
▲ EST, KOSDAQ, 10,600 to 12,400 won (scheduled to be confirmed on October 21), 14 to 20 days, subscription for public offering 22 to 23 days, lead underwriter Daishin Securities.
▲ AL Robot, KOSDAQ, 15,700 to 17,600 won (scheduled to be confirmed on October 22), 15th to 21st, public offering stock subscription 26th to 27th, lead underwriter Daishin Securities
▲ MBD, KOSDAQ, 9,600 to 11,700 won (scheduled to be confirmed on October 26), 16th to 22nd, public offering stock subscription 28th to 29th, lead underwriter Hana Securities.
◇ Public offering stock subscription
▲ MS Bio, KOSDAQ, public offering price 7,800 won, September 28 to October 2, public offering stock subscription October 12 to 13, lead underwriter KB Securities.
▲ DTS, KOSDAQ, public offering band 17,000-18,500 won (scheduled to be confirmed on October 12), public offering stock subscription October 13-14, lead underwriter Daishin Securities and acquisition company Eugene Investment & Securities.
◇ Listing
▲ Jinkostech [250030], KOSDAQ, public offering price 23,500 won, listed on KOSDAQ on the 15th, lead underwriter Hana Securities.
▲ Melcon, KOSDAQ, public offering price 12,300 won, listed on KOSDAQ on the 15th, lead underwriter Daishin Securities [003540].
What to Watch
AI outlook — possibilities, not facts
If Intellibix and Creates' demand forecast results are good, it will have a positive impact on subsequent IPO companies.
Likely · Within weeks
Investor interest in AI and golf-related technology stocks will continue
Possible · Within months
Open Questions
- How will the final public offering price of each company be determined?
- What level will the competition rate for general investors subscribe to?
- What are the expectations for stock price fluctuations after listing?

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