Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Gigavis IPO Bookbuilding Results Analysis

Equity Capital Markets

<ul>
<li>ALT's IPO price has been determined a 25,000 won, which is 22% higher than the high end of the IPO price range.</li>
<li>A total of 1,937 institutional investors participated in the IPO offering with a competition demand ratio of 1,836 to 1.</li>
<li>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.</li>
</ul>


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.


ALT Semicon

ALT Co IPO Bookbuilding Results Analysis