The electron beam-based inspection equipment company SEC saw its stock price rise in early trading on the 28th, the first day of its listing on the KOSDAQ market. However, the increase is not significant.
As of 9:08 a.m. on the same day, SEC is trading at 17,400 won, up 2,400 won (16.00%) from its offering price of 15,000 won.
SEC recorded a competition ratio of 1,232.54 to 1 in its demand forecast for institutional investors conducted from the 8th to the 14th of this month. A total of 2,203 domestic and foreign institutions participated. The offering price was confirmed at the upper end of the desired range of 13,000 to 15,000 won at 15,000 won.
In the public offering subscription for general investors held over two days starting from the 17th, the competition ratio was 933.6 to 1. Subscription deposits of 2.1 trillion won were gathered.
Founded in 2000, SEC is a company that develops inspection and analytical equipment. It holds technological capabilities for electron beam-based inspection equipment and core components, manufacturing and selling high-precision X-ray systems for semiconductors, high-energy X-ray systems for defense (LINAC systems), high-speed X-ray systems for batteries, and tabletop scanning electron microscopes.
Through this listing, SEC plans to use the funds raised for facility investment to build factory buildings and expand production capacity (CAPA), research and development investment to strengthen competitiveness, and repayment of borrowing funds for financial stability.