Chaevi announces KOSDAQ listing on the 29th; investor protection measures draw attention

*This content was translated by AI.

Chaevi (CHAEVI), a domestic operator of fast-charging infrastructure for electric vehicles (CPO), announced its listing on the KOSDAQ market on the 29th. Having prepared for a considerable period, Chaevi plans to establish itself on the KOSDAQ market through a market-friendly public offering method that secures supply-demand stability at the early stages of listing and strengthens investor protection.

During the public offering for general investors held from the 20th to the 21st, Chaevi collected approximately 4.18 trillion won in deposit funds, confirming strong market interest. The tradable supply immediately after listing is designed to account for 21.03% of the total number of shares, a measure aimed at minimizing volatility caused by large-scale sell-offs in the early listing period and enhancing supply-demand stability. In this public offering, Chaevi granted put options (redemption rights) to protect investors.

The redemption right allows investors to sell their shares back to the company at 90% of the offering price if the stock price falls below the offering price within a certain period after listing. Additionally, measures were put in place to stabilize investor sentiment, such as adjusting the number of offered shares to 9 million based on market supply and demand conditions. In the previously conducted institutional investor demand forecast, a total of 751 institutional investors participated, achieving a competition ratio of 55 to 1. Notably, the allocation ratio for overseas institutional investors reached 35%, exceeding the typical range of 10% to 25%.

This ratio is interpreted as a result of overseas markets positively evaluating Chaevi's long-term competitiveness, including its capability to secure sites and its business structure where revenues accumulate as electric vehicle adoption expands. A key strength of the company lies in its one-stop solution that internalizes the entire value chain, from the development and manufacturing of electric vehicle chargers to installation, operation, and after-sales management. Moreover, Chaevi continues to pursue positive future plans; it currently operates fast-charging facilities with a capacity of approximately 10,000 spots and is proactively developing ultra-fast charging technology capable of "5-minute charging" in line with the era of artificial intelligence (AI) and autonomous driving.

Meanwhile, Chaevi's confirmed offering price is 12,300 won, with a total offering amount of approximately 110.7 billion won. KB Securities and Samsung Securities served as the lead underwriters, while Daishin Securities and Hana Securities participated as co-managers. CEO Choi Young-hoon Chae Bi (CEO) stated, "Through the listing, we will focus on upgrading charging infrastructure and expanding our global network, and we will become a trusted company through transparent management."

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*This content was translated by AI.