OLED material maker P&H Tech’s share price for its KOSDAQ listing has been set at 18,000 won, the company said on Tuesday.
The company held orders from institutional investors from January 28 to 29. It is offering 516,000 shares to them.
The 18,000 share price exceeds that of P&H Tech’s asking price that capped at 17,000 won.
A total of 1,516 institutional investors took part in the forecast and 93% proposed higher prices than the company’s asking price.
P&H Tech’s retail order for the remaining 172,00 shares on offer will commence from January 3 to 4.
The company plans to list on KOSDAQ on February 16. Korea Investment & Securities in underwriting the deal. The company is currently listed on KONEX.
Last month, P&H Tech CEO Hyun Seo Yong said it plans to double its production capacity for OLED materials this year.