MS Bio, DTS and SK Securities Special Purpose Acquisition Co. No. 14 will open initial public offering subscriptions to retail investors this week, the first trading week after the Hangul Day holiday. Jincostec and Melcon will make their KOSDAQ debuts, while 10 companies including Intellivix and Creatz will conduct book-building with institutional investors.
MS Bio, a regenerative medicine platform company, will take retail orders on the 12th and 13th, according to the financial investment industry on the 12th. The company uses human tissue and biomaterials to produce acellular dermal matrix products for breast reconstruction under the Myderm Recon brand, along with soft-tissue collagen fillers and dental bone regeneration materials. Its offer price was set at 7,800 won, the top of the indicative range. KB Securities is the lead underwriter.
DTS, which specializes in industrial heat exchangers for power and energy plants, will fix its offer price on the 12th and take retail orders on the 13th and 14th. The company's main products are air-cooled heat exchangers and heat recovery steam generators, and it has recently expanded into data center cooling and power infrastructure. The indicative price range is 17,000 won to 18,500 won, with Daishin Securities as lead underwriter. SK Securities SPAC No. 14 will take retail orders on the 15th and 16th at an offer price of 2,000 won, with SK Securities as underwriter.
Jincostec and Melcon will both list on the KOSDAQ on the 15th. Jincostec, a cosmetics original development manufacturer that develops and produces hydrogel sheet masks and other products, is transferring its listing from the KONEX market to the KOSDAQ. Its offer price is 23,500 won, with Hana Securities as lead underwriter. Melcon, which specializes in environmental control systems for semiconductor photolithography processes, set its offer price at 12,300 won. Daishin Securities is the lead underwriter.
Book-building with institutional investors will also pick up pace. Intellivix, an artificial intelligence video analytics company, and Creatz, a golf technology firm, will both run book-building from the 12th through the 16th. Intellivix develops solutions that detect hazards at disaster and industrial sites using closed-circuit television video analysis, with an indicative price range of 7,600 won to 9,000 won and Mirae Asset Securities as lead underwriter. Creatz, which develops golf simulators and swing analysis platforms, has an indicative range of 15,000 won to 18,000 won, with Samsung Securities as lead underwriter.
Lablup and Youngkwang will face institutional assessment from the 13th through the 19th. Lablup, an AI infrastructure software company, developed Backend.AI, a platform that manages computing resources such as graphics processing units and neural processing units. Its indicative range is 19,000 won to 22,000 won, with NH Investment & Securities as lead underwriter. Youngkwang, a shipbuilding and plant module solutions company, produces ship engine room modules and plant skids. Its indicative range is 14,000 won to 17,000 won, with Korea Investment & Securities as lead underwriter.
EST will run book-building from the 14th through the 20th and AL Robot from the 15th through the 21st, both underwritten by Daishin Securities. EST's indicative range is 10,600 won to 12,400 won and AL Robot's is 15,700 won to 17,600 won. MBD, a precision medicine platform company, will begin book-building from the 16th through the 22nd with an indicative range of 9,600 won to 11,700 won, with Hana Securities as lead underwriter. Three companies that began book-building earlier — turbomachinery specialist T&E Korea, spatial information AI firm Dabeeo and network equipment maker UCast — will wrap up on the 14th. Their indicative ranges are 12,600 won to 15,300 won, 12,300 won to 16,600 won and 21,000 won to 26,000 won, respectively.
In the rights offering market, KOSPI-listed SK D&D will take subscriptions from existing shareholders on the 12th and 13th. On the KOSDAQ, L&C Bio will take subscriptions from existing shareholders on the 14th and 15th, and EcoPro BM on the 15th and 16th. Daeyoung Packaging will change its par value from 500 won to 2,500 won on the 12th.