LIG Nex1, preparing to go public in September, is going on an overseas road show to bring in global investors, company officials said.

According to investment bank insiders, LIG Nex1 executives, including CEO and vice chairman Lee Hyo-koo, along with officials from NH Investment and Securities, left for a tour early this week to Hong Kong and Singapore, in a move to promote marketing to attract local institutional investors for a successful initial public offering.

LIG Nex1, the nation‘s leading defense equipment maker, has showed continuous growth, with rates of around 20 percent each year. Experts noted that the company is expected to grow continuously due to the smooth-sailing progress of mass-production businesses and its export business.

The expected price range for the offering was 66,000 won ($56.10) per share to 76,000 won, and experts predict that the final offering price would be in the upper range considering the premium given for the company’s potential growth.

“The price may seem high for investors, but it is an appropriate valuation given the company’s profits, financial affairs and growth,” a market insider said.

LIG Nex1 plans to go public on Sept. 18.

By Sang Youn-joo (sangyj@heraldcorp.com)