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

Interest Comparisons of Upcoming Korean Small-Cap IPOs: BBC, Wonbangtech, PIMS, Mico Biomed, & Vaiv

Equity Capital Markets

Wonbang Tech Co Ltd / Equity Capital Markets

Wonbangtech is getting ready for an IPO on the KOSDAQ exchange in the next several weeks. The IPO price range is from 43,000 won to 54,300 won. The IPO base deal size is from $46 million to $58 million. According to the bankers' valuation, the expected market cap after the IPO is from 190 billion won to 241 billion won.Established in 1989, Wonbangtech is one of the leading companies in Korea for providing clean room facilities for the semiconductor/display industries and dry room facilities for the lithium ion battery, medical device, and pharmaceutical production. Currently, only two to three companies in Korea have the technology to construct large scale semiconductor/display clean room facilities. The major Korean customers including Samsung Electronics, Samsung Display, SK Hynix, and LG Display are placing orders through limited competitive bidding targeting only a few companies such as Wonbangtech that they have worked with for a long time. This provides a major barrier to entry for other smaller competitors without adequate technology.

Wonbangtech is getting ready for an IPO on the KOSDAQ exchange in the next several weeks. The IPO price range is from 43,000 won to 54,300 won. The IPO base deal size is from $46 million to $58 million. According to the bankers' valuation, the expected market cap after the IPO is from 190 billion won to 241 billion won.Established in 1989, Wonbangtech is one of the leading companies in Korea for providing clean room facilities for the semiconductor/display industries and dry room facilities for the lithium ion battery, medical device, and pharmaceutical production. Currently, only two to three companies in Korea have the technology to construct large scale semiconductor/display clean room facilities. The major Korean customers including Samsung Electronics, Samsung Display, SK Hynix, and LG Display are placing orders through limited competitive bidding targeting only a few companies such as Wonbangtech that they have worked with for a long time. This provides a major barrier to entry for other smaller competitors without adequate technology. 

Wonbang Tech Co Ltd

Wonbangtech IPO Preview