Daily BriefsSouth Korea

Daily Brief South Korea: LIVSMED and more

In today’s briefing:

  • LivsMed IPO Valuation Analysis


LivsMed IPO Valuation Analysis

By Douglas Kim

  • Our base case valuation of Livsmed is target price of 88,294 won per share, representing a 61% upside from the high end of the IPO price range. 
  • At our base case valuation, Livsmed’s market cap would be 2.3 trillion won. At this level, the probability of Livsmed being included in KOSDAQ150 index is very high in 2026.
  • LivsMed is a medical device maker of advanced, articulating laparoscopic instruments that offer robotic-style dexterity and tactile feedback at a fraction of the capital cost of robotic surgical platforms.

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