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

Equity Capital Markets

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<p>Everybot is getting ready to complete its IPO in Korea in the next few weeks. Everybot is the number one player producer of cleaning robots in Korea. Jung Woo-Chul, the founder and CEO, is the controlling shareholder with a 46.5% stake in the company.</p>
<p>The IPO price range is from 32,600 won to 36,700 won. The IPO base deal size is from $33 million to $34 million. According to the bankers' valuation, the expected market cap after the IPO is from 201 billion won to 226 billion won. </p>
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<td style="width: 168pt;">Deal Specifics of the Everybot Co IPO:</td>
<td style="width: 238pt;"> </td>
</tr>
<tr>
<td>Lead underwriters of the IPO: </td>
<td style="width: 238pt;">NH Investment Securities</td>
</tr>
<tr>
<td>Expected IPO price per share: </td>
<td style="width: 238pt;">32,600 won (low)/36,700 won (high)</td>
</tr>
<tr>
<td>Number of Shares for IPO:</td>
<td style="width: 238pt;">1.12m shares (0.84m new shares; 0.28m old shares)</td>
</tr>
<tr>
<td>IPO base deal size: </td>
<td style="width: 238pt;">US$33m (low);  US$34m (high)</td>
</tr>
<tr>
<td>Expected common shares outstanding, fully diluted (post-IPO):  </td>
<td style="width: 238pt;">6.16m shares</td>
</tr>
<tr>
<td>Expected market cap after IPO:</td>
<td style="width: 238pt;">201 billion won (low)/226 billion won (high)</td>
</tr>
<tr>
<td>Book open: </td>
<td style="text-align: left; width: 238pt;">24-Jun-21</td>
</tr>
<tr>
<td>Book closed:</td>
<td style="text-align: left; width: 238pt;">25-Jun-21</td>
</tr>
<tr>
<td>Listing date: </td>
<td style="text-align: left; width: 238pt;">TBD</td>
</tr>
<tr>
<td>Source: Company data</td>
<td style="width: 238pt;"> </td>
</tr>
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Everybot is getting ready to complete its IPO in Korea in the next few weeks. Everybot is the number one player producer of cleaning robots in Korea. Jung Woo-Chul, the founder and CEO, is the controlling shareholder with a 46.5% stake in the company.
The IPO price range is from 32,600 won to 36,700 won. The IPO base deal size is from $33 million to $34 million. According to the bankers' valuation, the expected market cap after the IPO is from 201 billion won to 226 billion won. 


   


Deal Specifics of the Everybot Co IPO:
 


Lead underwriters of the IPO: 
NH Investment Securities


Expected IPO price per share: 
32,600 won (low)/36,700 won (high)


Number of Shares for IPO:
1.12m shares (0.84m new shares; 0.28m old shares)


IPO base deal size: 
US$33m (low);  US$34m (high)


Expected common shares outstanding, fully diluted (post-IPO):  
6.16m shares


Expected market cap after IPO:
201 billion won (low)/226 billion won (high)


Book open: 
24-Jun-21


Book closed:
25-Jun-21


Listing date: 
TBD


Source: Company data
 




Everybot Co IPO Preview - Number One Player in Cleaning Robots in Korea