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Korean Covid-19 Test Maker Prepares For IPO Amid Revenue Leap, Founder To Become Billionaire Share to Facebook COURTESY OF SD Biosensor Cho Young-sik, founder of Covid-19 test maker SD Biosensor, is set to become a billionaire this month, when the South Korean company is expected to list its shares on the Korea Exchange. SD Biosensor is offering 12.4 million shares at a price range of 45,000 won to 52,000 won apiece. At the midpoint of that range, the deal could raise 603 billion won (about $530 million) and value the company at 4.9 trillion won. The subscription period is to start July 8 and end July 9. The company says it plans to use the proceeds to expand production lines, diversify its product portfolio and expand its presence in Europe and South America.

Soult ukpyolsiSouth koreaUnited statesSlovak republicCheju doSouth koreanBiosensor covidChun jong yoonCho young sikShin dong gukSeo jung jinKorea centers for diseaseKorea exchangeSeoul national universityGreen crossKorea centers