A report from Korea suggests that Dowoo Insys is planning to IPO in 2025. The company will list on the Korean Exchange, and it plans to file the preliminary information and documents by the end of the summer.
Dowoo Insys was established in 2010, to develop glass products for the display industry. The company's main product is thin flexible glass covers for foldable displays - UTG glass - which it supplies to Samsung Display (its main customer). Dowoo does not produce its own glass - it buys flexible glass from Schott and then treats it in its own facilities.
The company's major shareholder was Samsung, but last year Samsung sold its shares to New Power Plasma, which by the end of the year will hold over 50% of Dowoo Insys' shares.
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Posted: Jun 17,2024 by Ron Mertens
