Orum Therapeutics Lowers IPO Price Range
Orum Therapeutics (475830 KS) has lowered its IPO price range to 24,000 won to 30,000 won.
The IPO offering amount will be between 60 billion won to 75 billion won. The expected market cap of the IPO is between 531 billion won to 664 billion won.
Our updated valuation of Orum Therapeutics suggests implied target price of 24,939 won per share, which is 8% lower than the mid-point of the revised down IPO price range.
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