In today’s briefing:
- ALT Co IPO Bookbuilding Results Analysis
ALT Co IPO Bookbuilding Results Analysis
- ALT’s IPO price has been determined a 25,000 won, which is 22% higher than the high end of the IPO price range.
- A total of 1,937 institutional investors participated in the IPO offering with a competition demand ratio of 1,836 to 1.
- Our base case valuation of ALT is market cap of 299 billion won or 33,365 won per share, which represents 33% higher than the IPO price range of 25,000 won.
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