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Laminator Maker’ Shindo Expects IPO on KOSDAQ in July
June 29, 2020
Panel equipment maker Shindo ENG Lab expects to expand into the Chinese OLED market in preparation for an IPO on KOSDAQ in July with a price of KWR 16,000 ($13.26). Shindo was founded in 2008 and makes OCA laminators and auto clave for OLED/LCD producers.
Shindo’s product line includes lamination tools for rigid, 2D, 3D, 4D curvature and foldable displays. Shindo is known to have mastered silicon-pad lamination, which is designed for the edge area of flexible displays and Diaphragm for a concaved area lamination. The company supplies FPD equipment to Samsung, BOE, CSoT, Tianma and Visionox and is optimistic about the OLED business due to planned increases investment and expansion.
The company plans to issue 1.34M stocks at $13.26 on 06/29/20 in Korea. Korea Investment & Securities will take 80% of 1.04 M shares and the remaining of 260K shares were registered for its IPO commence on 6/25/20. Shindo hopes to raise $20M for capacity expansion and R&D. Park Woong-ki, CEO of Shindo, owns a 50.1% of the shares, with 20% held by financial investors-NAU IB Capital, KDB Capital Yeouido Branch and Wonik Investment Partners.
Figure 1: 3D Laminator
June 29, 2020
Panel equipment maker Shindo ENG Lab expects to expand into the Chinese OLED market in preparation for an IPO on KOSDAQ in July with a price of KWR 16,000 ($13.26). Shindo was founded in 2008 and makes OCA laminators and auto clave for OLED/LCD producers.
Shindo’s product line includes lamination tools for rigid, 2D, 3D, 4D curvature and foldable displays. Shindo is known to have mastered silicon-pad lamination, which is designed for the edge area of flexible displays and Diaphragm for a concaved area lamination. The company supplies FPD equipment to Samsung, BOE, CSoT, Tianma and Visionox and is optimistic about the OLED business due to planned increases investment and expansion.
The company plans to issue 1.34M stocks at $13.26 on 06/29/20 in Korea. Korea Investment & Securities will take 80% of 1.04 M shares and the remaining of 260K shares were registered for its IPO commence on 6/25/20. Shindo hopes to raise $20M for capacity expansion and R&D. Park Woong-ki, CEO of Shindo, owns a 50.1% of the shares, with 20% held by financial investors-NAU IB Capital, KDB Capital Yeouido Branch and Wonik Investment Partners.
Figure 1: 3D Laminator
