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SurplusGLOBAL, KOSDAQ NEW LISTING January 25th, 2017
- 2019-07-31
SurplusGLOBAL, the No. 1 global secondary semiconductor equipment company, will be trading on the KOSDAQ market with the symbol SGLOBAL.
SurplusGLOBAL has overseas operations in China, Taiwan and the USA. Their main business objective is to purchase excess equipment from top global semiconductor companies such as Samsung Electronics, Micron, Toshiba, SK Hynix in order to supply foundries, refurbishers and original equipment manufacturers (OEMs) with needed core tools. The head office of the company is located in Osan, Korea and the Chief Executive Officer is Bruce Kim.
Since its establishment in 2000, SurplusGLOBAL has sold more than 15,000 core tools to the semiconductor market. Selling over 1,000 systems a year the company is currently holding more than 1,000 pieces of equipment in inventory at its depots located in Osan and Pyeongtaek, Gyeonggi-do, Korea. SurplusGLOBAL’s annual growth was 23.4% between 2006-2015. The company generated 95.4 billion KRW in sales revenue in 2015 and 73.4billion KRW in sales revenue in 3Q 2016.
SurplusGlobal provides industry leadership within the secondary market sector through their global marketing network, years of industry experience, and accurate appraisals. The company’s marketing staff is composed of global talent with fluency in multiple languages and numerous years of experience in the semiconductor manufacturing industry.
CEO Bruce Kim believes the entire used semiconductor market is undervalued and poised for growth. "The entire semiconductor market is worth USD $40B and the used equipment market currently makes up about 7 percent (USD $3B). SurplusGLOBAL has a 20 percent share of the worldwide used equipment market”. Bruce Kim also said, "We plan to enter into the semiconductor equipment parts business and we will provide a one-stop solution by building a 55,000 square meter cluster of secondary semiconductor equipment hubs in YoungIn, Gyeonggi-do close to Samsung Electronics."
SurplusGLOBAL will be listed on the KOSDAQ market starting on January 25th, SGLOBAL. The price per share is 8,000 KRW. The number of outstanding shares is 4.4 million, and the total amount of public offering funds is 35.2 billion KRW. Based on the IPO, the enterprise value of SurplusGLOBAL is expected to be about 150 billion KRW.
