Ice Cream Media’s IPO price is set at the lower end of the expected range, at 32,000 won.

Icecream Media
[Icecream Media Provided. Redistribution and DB Prohibited],
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, ‘(Seoul=Yonhap News) Reporter Lim Eun-jin = EduTech (Educational Information Technology) company Icecream Media announced that it has confirmed its initial public offering price at 32,000 won on the 20th.’,
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, ‘ This is at the lower end of the offering price range (32,000 to 42,000 won).’,
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, ‘ Icecream Media reported that during the demand forecasting from the 9th to the 16th, 561 domestic and foreign institutions participated in the recruitment of 1,722,000 shares, which accounted for 70% of the total offering volume.’,
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, ‘ The total number of applied shares was 53,837,780 shares, with a competition rate of 31.3 to 1.’,
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, ‘ The ratio of bids above the upper end of the offering price range (including 0.59% price unspecified) was 60.03% of the application quantity.’,
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, ‘ General subscriptions for 738,000 shares, which account for 30% of the total offering volume, will take place on the 21st and 22nd, and the company is scheduled to be listed on the KOSDAQ at the end of this month.’,
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, ‘ Samsung Securities is the lead manager for the listing.’,
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, ‘ [email protected]’,
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