TeraView Lists on Kosdaq to Strengthen Presence in Korea and Greater Asia
TeraView, a UK chip-equipment maker, has chosen to list on Korea's Kosdaq to enhance its market presence in Korea and Greater Asia, driven by a strategy to support local customers and establish an Asia hub. The company generated 60% of its revenue from semiconductor firms in Korea, prompting the move. TeraView's valuation reached 568 billion won ($393 million) at debut, supported by a recent stock market rally. Dage Precision Industries is the largest shareholder, and Samsung Securities led the listing.
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TeraView, a British chip-equipment manufacturer, has listed on the Kosdaq to strengthen its commercial strategy in Korea and Greater Asia, where it generates 60% of its revenue from semiconductor clients. The listing allows TeraView to support its customers better and establish a manufacturing and R&D hub in Korea, with plans to expand into Singapore, Malaysia, and Taiwan.
TeraView debuted with a valuation of 568 billion won ($393 million), boosted by a stock market rally. The company’s largest shareholder is Dage Precision Industries, with Samsung Securities as the lead underwriter. The listing reflects a growing interest in deep tech investments in Korea, despite a recent decline in foreign listings.
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