Mitozen, Public Offering Subscription Competition Rate 1011 to 1... KOSDAQ Listing on the 18th

[Asia Economy Reporter Jang Hyowon] Me2Gen, a subsidiary of Me2On, a KOSDAQ-listed company, continued its success in the general public subscription following the institutional demand forecast.

Global leading casual gaming company Me2Gen announced on the 6th that it achieved a competition rate of 1010.87 to 1 in the public subscription held for general investors on the 5th and 6th. This general public subscription was conducted for 639,840 DR, which corresponds to 20% of the total public offering volume, and the subscription deposit was approximately 8.7 trillion KRW.

Me2Gen previously recorded a competition rate of 1115 to 1 in the demand forecast targeting domestic and foreign institutional investors, marking the highest competition rate among mid-sized IPOs, and confirmed the public offering price at the top of the expected price band of 27,000 KRW.

Chairman Son Changwook of Me2Gen said, "I would like to once again express my gratitude to the general investors who showed great interest in the public subscription," adding, "Me2Gen will do its utmost to increase corporate value as a global leading casual gaming company through transparent and responsible management even after listing."

Me2Gen is scheduled to be listed on the KOSDAQ market on the 18th. Centered on three genres?‘Social Casino’ and casual games such as ‘Solitaire’ and ‘Trypicks’?Me2Gen has secured a diversified game portfolio. With proven management performance as well as steady progress in building growth momentum through M&A and new game development, its post-listing trajectory is highly anticipated.

This content was produced with the assistance of AI translation services.