Composite Hydrogen Tank Maker Iljin Hysolus to be listed on Kospi

September 06 2021

South Korean composite hydrogen tank maker, Iljin Hysolus Co, (Bongdong-eup), is now listed on the Korean Stock Exchange Index KOSPI, according to the company’s online IPO briefing session.

The company’s proposed price band for its IPO shares is between 25,700 and 34,300 won ($21.84-$29.14). The hydrogen tank maker will raise 280-374 billion won ($238-$317 million) depending on the final offering price, with its market capitalization between 933 billion won ($793 million) and 1.25 trillion won ($1 billion). The newly raised funds will be used for the expansion of hydrogen fuel tank manufacturing facilities and R&D efforts.

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