The largest amount of proceeds this year was poured into Hyundai Marine Solutions’ HD subscription, which is considered to be the biggest IPO in 2024.
HD Hyundai Marine Solutions announced that it recorded a competition ratio of 255.7 to 1 as a result of holding a public stock subscription for general investors for two days until the 26th.
A total of 601,954,640 shares were subscribed for the 2,353,393 shares allocated to general investors, and the subscription margin was calculated to be around 25 trillion won. A total of 2,021 domestic and foreign institutions participated in the demand forecast held from the 16th to the 22nd, recording a competition ratio of 201:1, and setting the final public offering price at 83,400 won, the top end of the band is desired.
The money flowing in from this public offering will be used for medium to long-term growth, such as strengthening the global network and research and development. Through this, we intend to confirm the brand’s position in the AC ship market, expand the capabilities of environmentally friendly remodeling projects, and develop the ship’s digital business.
Lee Ki-dong, CEO of HD Hyundai Marine Solutions, said, “We would like to thank the investors who believed in and supported the corporate banner of HD Hyundai Marine Solutions,” and added, “Through the listing, we will grow into a company comprehensive marine solutions unmatched in the global market.”
HD Hyundai Marine Solutions will start trading on the stock market on the 8th of next month after payment on the 30th.
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