Contec Co Ltd (Ticker: 451760 KS) is a South Korean company specializing in satellite ground station services and satellite image processing, initially established as a spin-off from the Korea Aerospace Research Institute (KARI), a government institution dedicated to aerospace research and the development of satellite technology. Contec is expanding its operations by building a global network of ground stations and plans to develop and operate its own fleet of Earth observation satellites. The company is poised for a public offering on the KOSDAQ in South Korea on November 9, 2023. Contec Co Ltd aims to sell 2.06 million shares at KRW 22,500 per share. The expected market capitalization at the offer is KRW 323.75 billion (USD 243.88 million), with a total offer size of KRW 46.35 billion (USD 34.92 million). Managed by Daishin Securities, the IPO includes a two-month lockup period post-merger date for 1.829 million shares owned by shareholders and advisors, and a three-month lockup for 0.93 million shares.