On the morning of the second day of the general subscription for public offering shares, Kakao Bank, an Internet-only bank, collected more than 22 trillion won in margin. / Photo = Reporter Jang Dong-gyu
On the morning of the second day of general subscription for public offering shares, Kakao Bank, an internet-only bank, collected more than 22 trillion won in margin.
As of 11 am on the 27th, the margins of four securities companies, KB Securities, Korea Investment & Securities, Hana Financial Investment, and Hyundai Motor Securities, which are accepting Kakao Bank IPO share subscriptions, exceeded 22 trillion won. Korea Investment & Securities 9.4 trillion won, Hana Gold Investment 1.1 trillion won, Hyundai Motor Securities 660 billion won.
The competition ratio was calculated to be 70.51 to 1. Korea Investment & Securities had the highest score of 78.59 to 1. The competition ratio of KB Securities, the leading host, was 68.8 to 1, Hana Financial Investment 60.31 to 1, and Hyundai Motor Securities 51.29 to 1.
A total of 16,362,500 shares were allocated to general investors in this Kakao Bank public offering. KB Securities, the main organizer, had the largest number of shares with 8,81577 shares, followed by Korea Investment & Securities (5,9786,06), Hana Financial Investment (943,990) and Hyundai Motor Securities (629,327).
Meanwhile, in the Kakao Bank institutional demand forecast held on the 20th and 21st, orders worth 2585 trillion won, the largest in the history of a domestic IPO, were received. The public offering price was confirmed at 39,000 won, the highest level of Hope Band.
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