Bitsronextech (CEO Lee Byeong-ho), a specialized company in advanced science application industries, announced on the 23rd that it had submitted a securities report to the Financial Services Commission on the 22nd for listing on KOSDAQ.
Through this listing, Bitstronextech plans to offer a total of 4.4 million shares, targeting a price range of KRW 5,900 to KRW 6,900 per share. The proposed offering amount is estimated at KRW 26 billion to KRW 30.4 billion, with a projected market capitalization of KRW 171 billion to KRW 199.9 billion. Demand forecasting will be conducted from October 16th to 22nd, and general subscriptions will be held from October 27th to 28th. NH Investment & Securities is the lead underwriter.
BitsroNextec was established in 2016 as a spin-off from Bitsrotech's special business division. Its core business areas include aerospace, nuclear fusion, accelerators, and plasma, among other cutting-edge scientific and technological applications. As of 2024, it recorded sales of KRW 30.4 billion and an operating loss of KRW 14 billion.
The company possesses specialized design and high-precision component manufacturing capabilities required in high-vacuum, high-temperature, and high-pressure environments. It also possesses a diverse range of core technologies, including design analysis, RF technology, and high-reliability brazing. It has also obtained global quality certifications such as AS9100, ISO, and ASME, and its technological reliability has been proven through numerous national research projects both domestically and internationally.
The company plans to use the proceeds from this offering for research and development (R&D), production facility expansion, and global project response. A representative stated, "We will pursue sustainable growth by diversifying technology-based applications and strengthening public-private partnerships."
Meanwhile, Bitsronextech, which passed the preliminary screening process for the Korea Exchange, is pursuing its IPO despite concerns about a duplicate listing, bolstered by its technological prowess and application capabilities. However, the year-over-year decline in sales is attributed to the industry's long development cycle and focus on customized design. The company plans to improve its performance by expanding into the global market.
CEO Lee Byeong-ho stated, “Through the listing, we will communicate with various investors and demonstrate our technological competitiveness,” and “We will grow into a leading company in the field of advanced science application industries.”
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