TeraView Holdings IPO Preview - The First U.K. Based Company to Pursue a Listing in Korea

• TeraView Holdings is getting ready to complete its IPO in KOSDAQ by end of this year. TeraView Holdings is the first U.K. based company to pursue a listing in Korea.

• The IPO price range is from 7,000 won to 8,000 won per share. The book building for the institutional investors will be from 13 to 19 November.

• The company provides ultra-precision inspection equipment and technology services (solutions) that detect microscopic cracks and errors that cannot be seen with the naked eye based on a technology called ‘terahertz’.

TeraView Holdings is getting ready to complete its IPO in KOSDAQ by end of this year. TeraView Holdings is the first U.K. based company to pursue a listing in Korea. Headquartered in Cambridge, England, the company also has a Korean office in Seoul. TeraView was originally spun out of Toshiba Research Europe in 2001.

The IPO price range is from 7,000 won to 8,000 won per share. The book building for the institutional investors will be from 13 to 19 November. Samsung Securities is the main underwriter of this IPO. Post IPO, the expected market cap of TeraView is from 284 billion won to 325 billion won. TeraView is issuing 5 million KDRs (Korean Depository Receipts). KDR is a share certificate issued in Korea by a foreign company by entrusting its domestic stocks to the Korea Securities Depository.

The company provides ultra-precision inspection equipment and technology services (solutions) that detect microscopic cracks and errors that cannot be seen with the naked eye based on a technology called ‘terahertz’.

This inspection technology is in high demand across advanced manufacturing industries such as semiconductors, secondary batteries, electric vehicles, and aerospace. This is because high-precision inspection is essential to minimize defects and maintain quality.

NVIDIA Corp (NVDA US) and Intel Corp (INTC US) are among its customers. TeraView’s listing in the Korean stock market could also help to aid the company in securing contracts from Samsung Electronics and SK Hynix as well as other major companies in the auto and rechargeable battery sectors.

According to the company, it plans to use this listing as a stepping stone to strengthen our growth base in the Asian market, including Korea, and to expand its partnerships. It plans to use the IPO proceeds to cover overseas business-related expenses and to invest in research and development (R&D) for new products and improvements to existing products.