SoluM prepares for KOSPI listing
To be listed in February 2021
Electronic component maker SoluM on Friday said it has turned in its registration statement to the Korea Exchange to be listed on KOSPI.
The company was formed in 2015 when it split-off from Samsung Electro-Mechanics. SoluM manufacturers power modules for TVs and smartphones as well as electronic shelf labels.
The company’s 3 in 1 module, which combines a power module, tuner and a video board, accounts for half of its sales.
SoluM has grown at a rate between 20% to 30% for the past three years. It produces its components in China and Vietnam and has been winning global companies with business activities in the US and Europe.
The company posted 812 billion won in sales and operating income of 45.7 billion won in 2020 as of the third quarter.
SoluM is offering 6.4 million shares. Its asking price per share is between 13,700 won to 15,500 won. It will takes orders next month and list on KOSPI in early February. Mirae Asset Daewoo and KB Securities are underwriting the list. Hana Financial Investment and Shinhan Financial Investment are co-underwriters. Samsung Securities is also part of the underwriting group.