Subscription Deposit 46 Trillion Won, Competition Rate 1000 to 1... Kakao Games Making History

Only at Hantoo Securities, 27 Trillion Won Poured in the Afternoon... Record-Breaking Success Streak

On the morning of the 2nd, investors are applying for and consulting on Kakao Games IPO subscriptions at the Korea Investment & Securities branch in Yeouido, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Kakao Games' subscription deposit has surpassed 46 trillion won, setting a new all-time record. The competition rate has also exceeded 1000 to 1, marking an unprecedented level of popularity.

According to Korea Investment & Securities, the lead underwriter for Kakao Games, as of 1 PM, the general subscription competition rate was recorded at 1280.78 to 1. Samsung Securities, which co-managed the listing, also recorded a competition rate of 1199 to 1 at the same time. Even KB Securities, which had the smallest allocation, reportedly exceeded a 1000 to 1 competition rate. This far surpasses the final competition rate of 323 to 1 for SK Biopharm's subscription in June, which had sparked a record-breaking frenzy.

The subscription deposit has already exceeded 45 trillion won, setting a new record. As of 1 PM, Korea Investment & Securities alone had collected 27.7 trillion won. Samsung Securities recorded 17.7 trillion won at the same time. Considering that KB Securities had already surpassed 1 trillion won in subscription deposits by the morning, the total is estimated to have exceeded approximately 46.5 trillion won.

With such unprecedented competition, receiving an allocation of Kakao Games shares is literally like "picking stars from the sky." Even with a competition rate of 1000 to 1, investors who deposited 100 million won (8,300 shares, public offering price of 24,000 won) would only be allocated 8 shares. Given the current trend, a final competition rate of 2000 to 1 is not unlikely, which means that even with an investment of 100 million won, only 4 shares would be allocated. The subscription closes at 4 PM today.

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