Contec IPO on KOSDAQ
Daejeon-based satellite ground station operator Contec listed on KOSDAQ to fund more ground stations.
- Company
- Contec
- Type
- IPO
- Status
- Completed
- Date
- 9 Nov 2023
- Value
- KRW 46.35bn
- US$ equivalent
- US$35m
- Value basis
- KRW 46.4bn at KRW 22,500 a share: 2,000,000 new shares (KRW 45bn) and 60,000 existing shares
- Region
- South Korea
- Segment
- Ground segment
Parties
- Contec issuer
Key terms
- Offer price
- KRW 22,500 a share
- Subscription and payment
- 31 Oct - 1 Nov 2023; paid 3 Nov 2023
- Underwriter
- Daishin Securities (lead)
- Use of proceeds
- KRW 39bn capex and KRW 7.35bn working capital
Sources
- Contec final terms registration statement (DART) dart.fss.or.kr · 30 Oct 2023
- Contec securities issuance results report (DART) dart.fss.or.kr · 3 Nov 2023
Record ORB-INV-2023-0020. Investments are kept apart from the financings register and never counted in debt totals.
