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Douglas Research Insights

Sung Woo IPO Preview

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Douglas Kim
Sep 16, 2024
∙ Paid
  • Sung Woo is getting ready to complete its IPO in KOSDAQ in October 2024. Founded in 1992, Sung Woo produces components for cylindrical rechargeable battery, energy storage system, and automotive.

  • The IPO price range is from 25,000 won to 29,000 won. According to the bankers' valuation, the expected market cap is 376 billion won to 436 billion won.

  • The book building for the institutional investors will be conducted from 10 to 16 October. The lead underwriter of this IPO is Korea Investment & Securities.

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