Baek Jong-won The Born Korea, public offering price confirmed at 34,000 won, ‘exceeds the upper limit’… Listed on November 6th

2,216 institutional investors participated… Competition rate 734.67 to 1
Market capitalization of 491.8 billion won… KOSPI listing

Culinary researcher Baek Jong-won is giving a greeting at the production presentation of Netflix’s entertainment show ‘Black and White Chef: Culinary Class War’ held at JW Marriott Dongdaemun Square Seoul on the 11th. ‘Black and White Chef: Cooking Class War​’ is a culinary class war of 100 people in which chefs known as ‘Black Spoon’, who are considered to have the best taste, challenge Korea’s top star chefs, ‘White Spoon’. 2024.9.11. News 1

The Born Korea (475560), headed by culinary researcher Baek Jong-won, announced on the 25th that the public offering price was confirmed at 34,000 won. It exceeded the upper end of the desired public offering price range (23,000 to 28,000 won).

The Born Korea conducted a demand forecast for institutional investors from the 18th to the 24th. In demand forecasting for institutional investors, 2,216 institutions participated, recording a competition rate of 734.67 to 1.

Based on the confirmed public offering price (KRW 34,000), the total public offering amount is KRW 102 billion, and the market capitalization after listing is around KRW 491.8 billion. 99.73% of institutions that participated in demand forecasting (based on participating volume) presented prices at or above the offering band.

Founded in 1994, The Born Korea is engaged in distribution and hotel businesses in addition to 25 restaurant franchise-based restaurant businesses, including Baek Dabang, Hong Kong Restaurant, Saemaeul Restaurant, Hanshin Pocha, and Yeokjeon Udong.

This year marks the 30th anniversary of The Born Korea. Previously, in 2022, CEO Baek expressed his intention to go public in 2024, the 30th anniversary of the company’s founding.

The Born Korea plans to hold a general subscription on the 28th and 29th and be listed on the KOSPI market on November 6th. The listing managers were NH Investment & Securities (005940) and Korea Investment & Securities (030490).

(Seoul = News 1)

• great

  0dog

• I’m sad

  0dog

• I’m angry

  0dog

• I recommend it

  dog

Hot news now