LS Materials to debut on Kodaq in December after previous delays

[Courtesy of LS Materials]

LS Materials Co., the leading producer of ultra-capacitors in South Korea, is expected to go public on the secondary Kosdaq market in December.

“LS Materials had postponed the listing date to better promote itself to investors,” said an unnamed official from the company. “We will hold a bookbuilding session on November 22 and debut on the market in mid-December as planned.”

After passing a preliminary review from the Korea Exchange on October 19, LS Materials had submitted a securities report as part of the IPO process.

The plan, however, was delayed for two weeks as the company revised the report twice on November 2 and 6.

Analysts assumed that the company’s IPO delays were aimed to avoid the month of November, a busy season for IPOs.

In November, EcoPro Materials Co., the heavily sought-after stock among investors, will make its public debut, with other days when up to four stocks are scheduled for listing.

LS Materials has opted to postpone its listing to a later date, strategically choosing a time when it will garner greater attention from investors, analysts said.