In today’s briefing:
- LS Materials IPO Bookbuilding Results Analysis
LS Materials IPO Bookbuilding Results Analysis
- LS Materials IPO price has been determined at 6,000 won per share, which is higher than the high end of the IPO price range (5,500 won).
- A total 2,025 institutional investors participated in this IPO book building. The demand ratio was 396.8 to 1. The IPO offering amount is 87.8 billion won.
- We believe that its share price is likely to trade higher than the high end of our valuation range (7,953 won per share) post IPO.
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