OLED equipment vendor Shindo ENG Lab has sent registration statement to the Financial Services Commission Thursday, in preparation for an IPO in July.
Shindo was founded in 2000 and supplies equipment for LCD and OLED production.
Its main product is its 3D laminator that comes with its proprietary technologies in autoclave, diaphragm attachment and silicon pad cementation.
Shindo has supplied 6th-generation equipment to China for flexible OLED in the past.
It is offering 1.3 million stocks and aiming for a value of 14,000 won to 16,000 won per stock. Price will be finalized next month between June 22 to 23. General subscription will last from June 25 to 26. Shindo is aiming to be listed on KOSDAQ the following month, in July.
It is aiming to secure 20.8 billion won in the offering. It is working with Korea Investment & Securities.