Robotic automation firm Raontec is planning to list on KOSDAQ in May. The company filed a security report for the listing to financial authorities on Friday.
The company previously listed on KONEX in 2015. It is planning to list on the higher tier bourse through the special exemption rule for technology companies.
Raontec will offer 500,000 shares. It is aiming for a share price of 12,800 won to 15,800 won.
It will be able to secure up to 7.9 billion won from the listing. The fund will be used to expand its production facilities.
Raontec was founded in March 2000. It manufactures industrial and intelligent robot used in semiconductor production.
Some of its products include vacuum robot and transportation modules. The two received an A rating for their quality from the Electronics and Telecommunications Research Institute. This allows the company to list on KOSDAQ through the exemption rule for component, material and equipment technology companies.
Raontec’s vacuum robots are used to transport wafers in vacuum environments within the fab.
The company will commence its demand forecast for institution investors through April 26 to 27. It will receive retail orders from May 3 to 4. KB Securities is underwriting the listing.
