Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

Duksan Techopia Co Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/duksan-techopia-co-ltd" target="_blank" data-smartkarma-citation="entities:28152:1" rel="noopener">Duksan Techopia Co Ltd (317330 KS)</a> is getting ready for an IPO in Korea in the next few weeks. Duksan Techopia's main products are OLED and semiconductors related materials and chemical products.The company is planning to raise between $60 million and $67 million in this IPO. NH Investment &amp; Securities is the lead manager in this deal. The IPO price range is 17,000 won to 19,000 won. The expected market cap is between 313 billion won to 350 billion won. The IPO book for institutional investors opens on July 17th. The bankers used three companies including Nano Advanced Materials, <a href="https://www.smartkarma.com/entities/chunbo-co-ltd" target="_blank" data-smartkarma-citation="entities:27848:1" rel="noopener">Chunbo Co Ltd (278280 KS)</a>, and <a href="https://www.smartkarma.com/entities/innox-advanced-materials-co-ltd" target="_blank" data-smartkarma-citation="entities:24223:1" rel="noopener">Innox Advanced Materials Co,Ltd. (272290 KS)</a> as comparable companies in the valuation. They used the net profit from 2Q 2018 to 1Q 2019 and used the recent prices, resulting in an average P/E of 23.2x. The bankers then applied Duksan Techopia's net profit from 2Q 2018 to 1Q 2019 and applied the comps' average P/E of 23.2x to result in an implied market cap 441 billion won. After applying additional IPO discount of 20.7% to 29%, this resulted in an IPO price range of 17,000 won to 19,000 won.

Duksan Techopia Co Ltd (317330 KS) is getting ready for an IPO in Korea in the next few weeks. Duksan Techopia's main products are OLED and semiconductors related materials and chemical products.The company is planning to raise between $60 million and $67 million in this IPO. NH Investment &amp; Securities is the lead manager in this deal. The IPO price range is 17,000 won to 19,000 won. The expected market cap is between 313 billion won to 350 billion won. The IPO book for institutional investors opens on July 17th. The bankers used three companies including Nano Advanced Materials, Chunbo Co Ltd (278280 KS), and Innox Advanced Materials Co,Ltd. (272290 KS) as comparable companies in the valuation. They used the net profit from 2Q 2018 to 1Q 2019 and used the recent prices, resulting in an average P/E of 23.2x. The bankers then applied Duksan Techopia's net profit from 2Q 2018 to 1Q 2019 and applied the comps' average P/E of 23.2x to result in an implied market cap 441 billion won. After applying additional IPO discount of 20.7% to 29%, this resulted in an IPO price range of 17,000 won to 19,000 won. 

South Korea

Duksan Techopia Co.,Ltd. produces and sells assembly materials. The Company manufactures and sells silicon compound, hexachlorodisilane, silicon tetrachlorosilane, and other products. Duksan Techopia markets its products throughout Korea.

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Duksan Techopia Co Ltd (317330 KS)

Duksan Techopia Co IPO Preview

Duksan Techopia Co Ltd (317330 KS) is getting ready for an IPO in Korea in the next few weeks. Duksan Techopia's main products are OLED and...

Douglas Kim

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