Daily BriefsECM

Equity Capital Markets: HPSP and more

In today’s briefing:

  • HPSP Preview: A Korean IPO With Best Fundamentals So Far in 2022

HPSP Preview: A Korean IPO With Best Fundamentals So Far in 2022

By Douglas Kim

  • HPSP is getting ready for an IPO in Korea in July. This semiconductor equipment Korean company is an IPO with the best fundamentals for a so far in 2022.
  • The IPO base deal size is from $55 million to $60 million. Crescendo Equity Partners (backed by Peter Thiel) is the controlling shareholder of HPSP.
  • HPSP had revenue of 91.8 billion won (up 50% YoY) and operating profit of 45.2 billion won (up 82.3% YoY) in 2021. Its sales and profits surged higher in 1Q22.

Before it’s here, it’s on Smartkarma