Douglas has highlighted this Insight as a Top Pick
Boomeranged on Fri, 6 Oct 2023 14:25
Shinsung ST (416180 KS) announced its bookbuilding results. IPO price is 26,000 won which is 4% higher than the high end of the IPO price range. A total of 1,967 institutional investors participated in the IPO survey. Demand ratio was 583.5 to 1. A 91.6% of the participants thought the IPO price was more than 25,000 won. Our base case valuation is 51,050 won (96% higher than the IPO price).
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