TLB sets share offering price at 38,000 won
Company to be listed on KOSDAQ on December 14
Printed circuit board (PCB) maker TLB has set its share offering price for its KOSDAQ IPO at 38,000 won.
A total of 1,385 institutional investors took part in its demand forecast. They account for 77% of the million shares on offer.
TLB will now likely secure 38 billion won for its listing. Retail orders will run from Thursday to Friday.
The company’s main customers are SK Hynix and Samsung Electronics.
TLB had said it will use 28.4 billion won out of the funds to build a new DDR5 board factory.
The company spun-off out of Daeduck Electronics in 2011. TLB produces memory module PCB and SSD module PCB as well as PCB for semiconductor equipment.
The firm posted 142.4 billion won in sales and 13.4 billion won in operating profits in the third quarter.
TLB will be listed on December 14. DB Financial Investment is underwriting the deal.