Seoul Guarantee Insurance Corp IPO Preview (Significantly Lower IPO Price Range)

• Seoul Guarantee Insurance Corp (SGIC) is trying for another attempt at an IPO at much lower IPO price range. The IPO price range is from 26,000 won to 31,800 won.

• At the high end of the IPO price range, the IPO offering size is 222 billion won. The IPO price range has been lowered by 34% to 39%.

• Despite the company's consistent record of generating positive operating profit, its lack of sales growth and declining operating margins in 2024 remain key concerns.