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

LG Electronics: A Turnaround Story + Extra Dividends Alpha Kicker

Equity Capital Markets

<ul>
<li>Winia Aid (377460 KS)  announced its IPO book building results. The IPO price has been determined at 16,200 won, which is at the high end of the IPO price range.</li>
<li>There were 1,225 institutions that were involved in the IPO survey and the demand ratio was 955 to 1. The IPO offering amount is 87 billion won.</li>
<li>Our base case valuation of Winia Aid is 21,724 won per share, which is 34% higher than the IPO price.</li>
</ul>


Winia Aid (377460 KS)  announced its IPO book building results. The IPO price has been determined at 16,200 won, which is at the high end of the IPO price range.
There were 1,225 institutions that were involved in the IPO survey and the demand ratio was 955 to 1. The IPO offering amount is 87 billion won.
Our base case valuation of Winia Aid is 21,724 won per share, which is 34% higher than the IPO price.


Winia Aid

Winia Aid IPO Bookbuilding Results