LB Lusem share price set at 14,000 won, to list on June 11
Display driver IC packaging firm to go public
LB Lusem said on Monday that it has finalized its share price to 14,000 won for its upcoming IPO on KOSDAQ.
The first last week commenced a demand forecast for 4.5 million shares for institutional investors.
A total of 1,596 investors partook in the forecast, Korea Invest & Securities, which is underwriting the IPO, said. 99.81% of the investors chose 14,000 won, the upper tier of the price band, the securities firm said.
In a statement, LB Lusem CEO Hyunchang Shin thanked the institutional investors for their highest interest in the IPO said and the company will continue expand its global market share after its listing.
LB Lusem is planning to offer 6 million shares in total in its listing. The firm will commence retail orders for the remaining shares from June 2 to 3. It will ist on KOSDAQ on June 11.
The company was founded in 2004 and specializes in packaging for display driver ICs and logoc chips.
It offers heat resistance, 2Metal and chip on Film process solutions for its customers.