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HD Hyundai Marine Solution

HD Hyundai Marine Solution: IPO Book Building Results Analysis

710 Views24 Apr 2024 14:39
HD Hyundai Marine Solution's IPO price has been determined at 83,400 won per share, which is at the high end of the IPO price range. The demand ratio was 201 to 1.
Boomeranged on Tue, 7 May 2024 22:24
On the first day of trading for the IPO of HD Hyundai Marine Solution tomorrow, we believe its shares could trade as high as 118,888 won (high end of valuation sensitivity analysis, 43% higher than IPO price). Over the next 6-12 months, our base case valuation of the company is 98,254 won. We think it is highly unlikely for its shares to jump 100% or more than IPO price on first day of trading. 
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