[This Week's IPO] Demand Forecasting and Subscription Schedule for the Second Week of October

During the second week of this month (October), Ucast, Davio, and T&E Korea will conduct demand forecasts for institutional investors. Meanwhile, Ellis Group is preparing for its public subscription for general investors.

<Demand Forecast>

◆ Ucast = Established in 2011, Ucast specializes in wireless communication solutions by independently developing equipment and systems required for 4G·5G mobile telecommunications and providing services ranging from network construction to operation. In particular, the company has secured capabilities to build optimized standalone communication networks for clients, based on its own solution that integrates the core functions of base stations and communication networks into a single platform.

The total number of shares offered for public subscription is 800,000, with an expected price range of 21,000 to 26,000 won per share. Accordingly, the total anticipated proceeds from the offering will range from 16.8 billion to 20.8 billion won. Ucast will conduct demand forecasting for institutional investors from October 7 to 14, followed by public subscription for general investors on October 19–20. The lead underwriter is Eugene Investment & Securities.

◆ Davio = Davio's core platform, "Eartheye," is an AI spatial information solution that automatically detects spatiotemporal changes based on satellite, aerial, and drone imagery data. By leveraging its GEO AI model-based "Sensor-Aware Change Detection Engine," Davio eliminates pseudo changes caused by variations in lighting or seasons and provides precise analytical results.

A total of 1,000,000 shares will be offered for public subscription. The desired offering price is between 12,300 and 16,600 won per share. Demand forecasting for institutional investors will take place from October 7 to 14, followed by public subscription on October 19–20. The lead underwriter is Daishin Securities.

◆ T&E Korea = T&E Korea develops and manufactures high-speed turbo machinery systems that compress and supply air at various industrial sites. The company has standardized a compact high-speed rotating core, composed of a high-speed motor, non-contact air bearings, and a high-efficiency impeller (rotating blade), as a common platform, thus enabling efficient air supply with small equipment.

The total number of shares to be offered is 2,400,000, with an expected offering price range of 12,600 to 15,300 won per share, and the total anticipated proceeds from the offering will range from 30.2 billion to 36.7 billion won. Demand forecasting for institutional investors will take place from October 7 to 14, and public subscription for general investors will be held on October 20–21. The lead underwriter is Shinhan Investment Corp.

<General Public Subscription>

◆ Ellis Group = The desired offering price is between 70,400 and 90,500 won per share. The total anticipated proceeds from the offering are estimated to be between 156.4 billion and 201.1 billion won. Demand forecasting was completed by October 1, and public subscription for general investors is scheduled for October 7 and 8. The lead underwriter is Mirae Asset Securities, and the co-underwriter is Samsung Securities.

Founded in 2015, Ellis Group has the capability to provide full-stack AI solutions based on independently developed AI cloud technology. Its main business areas are largely divided into AX (AI Transformation) and AI Cloud services.

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