SK IE Technology has finalized its share offer price for its upcoming IPO in May.
A total of 1,734 institutional investors partook in its demand forecast from April 22 to 23. The price has been set at 105,000 won per share.
Around 63.2% also committed to retaining their ownership of shares for six months, SK IE Technology said.
The company will offer 21.39 million shares in its listing. Around 55% of that has been offered to institutional investors. The IPO will commence on May 11.
Retail orders will start on Wednesday.
SK IE Technology saw sales of separators increase 490% in 2020 compared to 2018. The firm’s production capacity stands at 1.03 billion meter-square currently. It is planning to expand this 2.73 billion meter-square by 2024, which will be enough to supply for 2.73 million electric vehicles.