Point
Mobile, one of the leading industrial mobile device companies of the
world, announced on September 28th that it has submitted a securities
report to the Financial Services Commission and entered a full-scale
public offering procedure for listing on the KOSDAQ.
Point
Mobile is offering 1,094,873 shares for this listing. The expected
public offering price is 13,000 Won to 15,000 Won, and the total
offering amount is 14.2 billion Won to 16.4 billion Won. It will be
listed on the KOSDAQ in November after demand forecasting from October
26 to 27 and subscription from November 2 to 3. The representative
organizer is Hana Financial Investment.
Established
in 2006, Point Mobile is one of the leading industrial mobile device
manufacturers, providing mobile devices required in various industries
such as transport & logistics, retail, production, and health care,
etc. The company has an extensive lineup of enterprise mobile devices,
smartphone LTE/Android integrated smart mobile payment terminals,
healthcare terminals, RFID readers and portable Bluetooth scanners.
Point
Mobile has built up business capabilities for many years in the ODM/OEM
market by supplying products to multinational companies such as
Honeywell, Datalogic, and Casio. Based on this expertise, it launched
its own brand in 2013 while increasing its domestic market share up to
30%, positioning itself as the #1 in the domestic industry.
The
company cited the provision of total solutions relating to various
mobile devices as the background for achieving high growth. In fact, the
company builds a system that can range from product design, engineering
& development to mass production and A/S to quickly respond to
customer needs and to provide customizable products, which resulted in
maximizing customer satisfaction.
Point
Mobile has recently proven the competitiveness of its products by
securing Amazon, the number one global Internet shopping mall business,
as a customer. With this as a momentum, the company plans to further
strengthen its position in the global market.
In
October 2020, the company will launch the world's second developed
ultra-compact wearable ring barcode scanner PM5, which can scan barcodes
and collect data using only one finger. The launch of the Android
OS-based smart mobile POS terminal PM500 is set for November as well.
The company plans to expand new business by continuously releasing new
market-leading new products such as the launch of the ultra-light ultra
rugged industrial mobile device and smartphone PM30 in January 2021.
Point
Mobile's CEO Sam-Kwon Kang said, “With the advent of Industry 4.0, the
Smart Factory, IoT, and Big Data, markets are rapidly growing, and Point
Mobile is ready to grow with unrivaled technology and top product
line-ups. Based on this, coupled with the IPO, Point Mobile will make a
new leap forward to become a global leading mobile device company.”
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