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UPDATE : 2021-12-23 18:01 (Thu)
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Geninus sets offering price at ₩20,000 for IPO in November
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GENINUS SETS OFFERING PRICE AT ₩20,000 FOR IPO IN NOVEMBER

 * 기자명 Kim Chan-hyuk
 * Published 2021.10.27 11:55

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Geninus said it set its public offering price at 20,000 won ($17.14) for the
initial public offering on the Kosdaq market in November.

In a public filing on Tuesday, the biotech company said that the two-day book
building on Thursday and Friday showed that the competition rate of
institutional investors was one in 66.

Geninus set its public offering price at 20,000 won before going public on Nov.
9.

The company plans to offer 2 million shares worth 40 billion won, and the market
capitalization is expected to mark 217.4 billion won immediately after the IPO.

“I would like to thank the institutional investors who took great interest in
Geninus and participated in the book building,” said Park Yang-woong, CEO of
Geninus. “Through the listing on Kosdaq, the company will enhance existing
business with active R&D and continuous facility investment and lay the ground
for new business and entry into the global market.”

He added that the company aims to lead the genome analysis market and become a
new drug platform developer through collaborations with hospitals and other
drugmakers.

Geninus said it would spend the funds raised through IPO on R&D for cancer
genome diagnosis and single-cell analysis. Also, the company plans to hire
talents to make a new drug development platform.

The public offering for retail investors will take place on Wednesday and
Thursday this week, and 25 percent of all new shares, or 500,000 shares, will be
offered.

Geninus plans to go public on Nov. 9, and Daishin Securities is the lead
underwriter.




Kim Chan-hyuk kch@docdocdoc.co.kr
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Copyright © KBR Unauthorized reproduction, redistribution prohibited

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