In today’s briefing:
- Almac IPO Bookbuilding Results Analysis
Almac IPO Bookbuilding Results Analysis
- Almac announced its IPO price of 50,000 won, which is 11% higher than the high end of the IPO price range. Demand ratio was very high at 1,697 to 1.
- A 98.7% of the IPO shares applied thought that the company’s value is more than 45,000 won
- Given the exceptional demand for IPO shares, it is likely that the IPO share price is likely to trade at higher end of the IPO range in our sensitivity analysis.
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