In today’s briefing:
- End of Mandatory Lock-Up Periods for 41 Companies in Korea in July 2023
- Nexteel IPO Preview
End of Mandatory Lock-Up Periods for 41 Companies in Korea in July 2023
- We discuss the end of the mandatory lock-up periods for 41 stocks in Korea in July 2023, among which 6 are in KOSPI and 35 are in KOSDAQ.
- These 41 stocks on average could be subject to further selling pressures in June and could underperform relative to the market.
- Among these 41 stocks, the top five market cap stocks include Lunit, Sungeel Hitech, KG Mobility, Enchem, and E&D Co.
Nexteel IPO Preview
- Nexteel is getting ready to complete its IPO in Korea in August. Nexteel is a steel pipe manufacturing company. The IPO price range is from 11,500 won to 12,500 won.
- The IPO offering size is from 80.5 billion won to 87.5 billion won. The expected market cap is from 299 billion won to 325 billion won.
- Nexteel’s sales increased at a CAGR of 76.4% from 2020 to 2022. The company’s operating profit surged from 1.5 billion won in 2020 to 181.3 billion won in 2022.
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