Nextin has set its share offering price at 75,400 won, the company said on Wednesday. The South Korean equipment maker will be seeking to secure 24.1 billion won in funding from listing.
The company commenced a demand forecast for institutional investors from September 18 to 21.
Most of the investors proposed price at the high band, Nextin said. The company’s stellar growth in 2020 and its efforts to localize equipment production were taken into account.
Nextin has unmatched growth potential and profitability from its stable fundamentals stemming from its own technology in equipment for the whole semiconductor production process, an official from KB Securities, which is underwriting the IPOS, said.
Retail order for the shares will commence from September 24 to 25. Around 20% of its total share, or 64,000 shares, will be on offer.
Nextin will list on KOSDAQ on October 8.
Nextin produces dark-field wafer inspection equipment. South Korean equipment makers have large portion of the market for back-end equipment used in semiconductor production but very little for front-end equipment.
The company has Samsung Electronics and SK Hynix as clients. Starting this year, it began supplying its equipment to Chinese 3D NAND Flash maker YMTC and DRAM producer JHICC.