LSE, a corporation that manufactures semiconductor wafer cleaning equipment, is accelerating its initial public offering (IPO) plans.
According to investment banking (IB) industry sources on the 10th, LSE recently submitted its listing preliminary examination application to the Korea Exchange's KOSDAQ Market Headquarters.
Founded in 1994, LSE develops and manufactures various semiconductor cleaning equipment. Last year, sales amounted to approximately 196.9 billion won, and operating profit was about 24 billion won. The listing manager is Mirae Asset Securities.
LSE is also a subsidiary of LTC, which develops and produces etchants used in semiconductor and display processes. Observations suggest that, as LTC is also a KOSDAQ-listed company, it may be difficult to avoid duplicate listings controversy.