SFC Submits Preliminary Listing Application for KOSPI
SFC, a specialized company in core organic light-emitting diode (OLED) materials, has officially started its Initial Public Offering (IPO) process.
SFC announced on the 27th that it had submitted a preliminary listing review application to the Korea Exchange on the 24th for a listing on the KOSPI market. Mirae Asset Securities is serving as the lead underwriter, while Korea Investment & Securities is acting as the joint underwriter.
Founded in 1998, SFC is an advanced materials company that researches, develops, and manufactures organic materials that determine the performance of OLED displays. Its main products are the host and dopant, both used in the blue emitting layer. It is the only company in Korea to have developed and mass-produced both materials, possessing expertise in every stage from molecular design to synthesis, purification, analysis, and mass production.
SFC’s sales have steadily increased, from 109 billion won in fiscal year 2022 to 160.8 billion won last year. Last year, it achieved an operating profit of 21.6 billion won and an operating margin of 13.5%, attaining both growth in scale and solid profitability.
Based on its accumulated organic chemistry technology in the OLED sector, SFC has expanded its business into bio and semiconductor materials. In its bio division, which has become a second pillar of growth, the company develops and supplies nucleic acid-based oligo materials for use in molecular diagnostics and therapeutics. In the semiconductor field, SFC expects to accelerate market entry through its differentiated technological competitiveness.
SFC plans to use the capital raised through this listing to: ▲ accelerate research and development of next-generation OLED materials ▲ strengthen competitiveness in the bio and semiconductor materials businesses ▲ advance its infrastructure ▲ and enhance its ability to respond to global customers.
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Kim Yongkwan, CEO of SFC, said, “SFC has demonstrated its technological and manufacturing competitiveness in the highly challenging field of OLED blue emitting layer materials. With this KOSPI listing, we aim to lead the market for next-generation OLED materials and grow into a global advanced materials company encompassing both bio and semiconductor materials.”
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