Sandol, Offering Price Set at 18,800 Won... Competition Rate 462.19 to 1

[Asia Economy Reporter Jang Hyowon] The offering price of Sandoll, a creator content platform company (co-CEOs Seok Geumho and Yoon Youngho), has been set at 18,800 KRW.

Sandoll announced on the 17th that the offering price was finalized at 18,800 KRW following a demand forecast conducted for institutional investors on the 12th and 13th. A total of 626 institutions participated in the subscription of 1,057,900 shares, which accounts for 71% of the total offering volume, resulting in a competition rate of 462.19 to 1.

Accordingly, approximately 28 billion KRW will be raised through this offering. The funds raised through the issuance of new shares will be used to strengthen new businesses such as securing digital content and platform technology, and to expand overseas operations through mergers and acquisitions (M&A) with global font manufacturers.

Yoon Youngho, co-CEO of Sandoll, stated, “Through this IPO, our company plans to broaden the popularity of fonts and become a leading global creator content business. We sincerely thank the institutional investors who showed interest in Sandoll’s listing, and we will accelerate the strengthening of business capabilities and enhancement of investor trust through listing on KOSDAQ.”

Sandoll is Korea’s first digital font company and the industry’s number one company with global-level font production and service capabilities. As fonts have become an important branding tool for companies, Sandoll has produced exclusive fonts for prominent companies such as Hyundai Card, Baedal Minjok, and Samsung Electronics, earning recognition for world-class Korean font planning and production capabilities from domestic and international companies.

The company operates Korea’s first cloud font streaming service, ‘Sandoll Cloud’ (SandollGureum), and provides advanced digital font services such as the AI-powered font image search application ‘FontFont.’ Recently, it has been evolving into a creator content platform that supports content creators integrally by collaborating with drama OST production companies and AI-based webtoon automatic translation startups.

Sandoll’s public subscription for general investors will be conducted over two days from the 18th to the 19th, targeting 372,500 shares, which is 25% of the total offering volume, and is scheduled to be listed on the 27th. KB Securities is participating as the lead underwriter.

This content was produced with the assistance of AI translation services.