Lemon Healthcare Lists on KOSDAQ on July 6, Raising 20 Billion Won Amid Strong Investor Demand

According to Seoul Economic Daily, Lemon Healthcare listed on South Korea's KOSDAQ on July 6, raising 20 billion won (approximately $15 million USD equivalent) with a projected market valuation of 133.5 billion won. Founded in 2017, the company operates a bidirectional medical data platform providing real-time patient data conversion and transmission services to hospitals.

The IPO attracted robust institutional demand with a 1,238:1 competition ratio among 2,233 institutions and a 1,511:1 subscription ratio from retail investors. Approximately 3.8 trillion won in subscription deposits were collected. KB Securities served as lead underwriter.