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EV infrastructure leader CHAEVI to list Wednesday on Kosdaq
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By
Lee Kyung-min
Published
Apr 28, 2026 2:36 pm
KST
CHAEVI corporate logo / Courtesy of CHAEVI
Widely seen as Korea’s main challenger to Tesla’s Supercharger network, CHAEVI is set to make its public market debut Wednesday as the company seeks to capitalize on rising demand for fast-charging infrastructure while emphasizing protections for investors.
CHAEVI will list on the secondary bourse Kosdaq, becoming the country’s top charging point operator, or CPO, to go public.
The company drew strong retail interest during its April 20-21 subscription, securing about 4.18 trillion won ($2.7 billion) in deposits, the company said. Analysts said the offering structure, which limits immediately tradable shares to 21.03 percent of total outstanding stock, is designed to reduce early volatility and stabilize supply.
CHAEVI said it also adopted measures aimed at protecting investors, including a put-back option that allows shareholders to sell shares back to the company at 90 percent of the offering price if the stock falls below its initial price within a set period.
The company set its public offering at 12,300 won per share, raising about 110.7 billion won in total. The number of shares offered was adjusted to 9 million, reflecting market conditions.
Institutional demand also pointed to strong interest, with 751 institutions participating in book-building and producing a competition ratio of 55 to 1. Overseas investors accounted for 35 percent of allocations, exceeding the typical range of 10 percent to 25 percent, the company said.
CHAEVI said its ability to secure prime charging locations and its recurring revenue model tied to expanding EV adoption helped attract global investors.
This article was published with the assistance of generative AI and edited by The Korea Times.
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