Automobile security software specialized corporation Autocrypt conducted a public offering subscription for general investors from 3rd to 4th, recording a competition rate of 1,406 to 1, it noted on the 4th.

Autocrypt CI.

A total of 204,540 subscriptions were received, and the subscription deposit was estimated at about 5.4147 trillion won.

Earlier, Autocrypt conducted demand forecasting for domestic and foreign institutional investors from June 24th to 30th. At that time, a total of 2,403 institutions participated, recording a competition rate of 995.34 to 1. The final public offering price was confirmed at the upper band of 22,000 won.

Autocrypt CEO Lee Seok-woo said, 'Even after going public, we will continue proactive research and development to lead the rapidly changing global vehicle software security trends and repay our shareholders’ support.'

Autocrypt plans to go public on the KOSDAQ market on the 15th after payment on the 8th. The lead underwriter is DAISHIN SECURITIES.

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