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[Alpha Biz=(Chicago) Reporter Kim Jisun] According to a five-day demand forecast for domestic and foreign institutional investors from the 20th to 26th, Purit, a company specializing in high-tech IT essential materials and recycling, announced on the 4th that it has confirmed the initial public offering price at KRW 10,700, the top of the desired band (KRW 8,800 to KRW 10,700).
A total of 1,901 institutional investors participated in the demand forecast, and the competition rate was 533.08 to 1. The public offering amount is expected to be about 44.3 billion won and the market capitalization after listing is expected to be 179.4 billion won.
After listing, Purit plans to expand its business in earnest. In order to expand production capacity (CAPA), the third plant of about 10,000 pyeong is scheduled to be constructed in the second half of 2024. New product development and new customers are also expanding.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
