Haechi Tech Files for KOSDAQ IPO with Valuation of 126.8 to 154.4 Billion Won

According to Money Today, Haechi Tech, a sensor integrated circuit (IC) fabless design company, launched its KOSDAQ IPO on August 5. The company set a subscription price range of 23,000 to 28,000 Korean won per share, with an expected market capitalization of 126.8 to 154.4 billion won. The planned listing date is August 18.

Founded in 2017, Haechi Tech specializes in designing and developing magnetic sensors, environmental sensors, and related components for smartphones and mobile devices. The company reported 14.1 billion won in revenue and 2.4 billion won in operating losses in the previous fiscal year. General subscription is scheduled for August 12-13, with DB Securities as the lead underwriter.