Voronoi $VOR.KS is getting ready to complete its IPO in Korea in March. The IPO offering base deal size is from ~US$84 million to ~US$109 million. 
ABOUT
Founded in 2015, Voronoi is developing treatments for tumors, degenerative brain diseases, and autoimmune diseases, including a genotype-directed therapy effective for tumors caused by mutations in kinases.
Founded in 2015, Voronoi is developing treatments for tumors, degenerative brain diseases, and autoimmune diseases, including a genotype-directed therapy effective for tumors caused by mutations in kinases.
The main pipelines are non-small cell lung cancer, chronic inflammatory disease, brain tumor, and triple-negative breast cancer treatment materials.
Voronoi is developing a targeted therapy that binds to and inhibits the function of kinase, a protein that transmits signals inside and outside cells. It has the technology to create a precise therapeutic agent that can penetrate the blood-brain barrier (BBB).
KEY FINANCIALS 1Q-3Q 2021
* Revenues grew from 6B to 10.1B won
* Net loss declined from 30B to 12.3B won
* Net margin improved from -501% in 2020 to -122%
* Cash flow from operations declined from -15.4B to -14.4B won
* Revenues grew from 6B to 10.1B won
* Net loss declined from 30B to 12.3B won
* Net margin improved from -501% in 2020 to -122%
* Cash flow from operations declined from -15.4B to -14.4B won
ABOUT THE IPO
* Price range: 50,000 - 65,000 won
* Deal size: ~US$84m- US$109m
* Book building for inst. investors starts on 24 February 2022
* Expected market cap post-IPO: 668b - 867b won
* Lead underwriters: Korea Investment & Securities and Mirae Asset Securities
* Price range: 50,000 - 65,000 won
* Deal size: ~US$84m- US$109m
* Book building for inst. investors starts on 24 February 2022
* Expected market cap post-IPO: 668b - 867b won
* Lead underwriters: Korea Investment & Securities and Mirae Asset Securities
Check out Douglas Kim's latest Insight for the full details (🔐): smartkarma.com/dashboard?coll…
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