Korea Force Securities to Sell IPO Investment Fund on the 24th

Collaboration with Koreid Asset Management

[Asia Economy Reporter Minji Lee] Korea FOSS Securities announced on the 21st that it will sell a KOSDAQ Venture Fund investing in public offering stocks on the 24th.

A public offering stock fund is a fund that participates in public offering subscriptions as an institutional investor when a company is newly listed and earns profits. For IPO public offering stocks, 60% are allocated to funds and other institutional investors, and the remaining 40% are allocated 20% each to employee stock ownership associations and general subscribers. It is advantageous for individual investors as they can invest in public offering stocks with a small amount without requiring subscription deposits of hundreds of millions of won.

The fund being sold this time is a KOSDAQ Venture Fund managed by Koreit Asset Management, with some of the investment assets allocated to new shares of KOSDAQ venture companies and large-scale KOSPI IPO markets such as Big Hit Entertainment. Additionally, some assets are invested in stable assets such as REITs and bonds.

Kakao Games, which was listed on the KOSDAQ on the 10th, immediately hit the upper price limit after listing, recording the so-called ‘ttasang’ (when a newly listed stock’s opening price is formed at twice the public offering price on the first trading day and then closes at the upper price limit). It then rose to the upper price limit for two consecutive trading days, benefiting the KOSDAQ Venture Public Offering Fund that invested in Kakao Games.

This fund will be sold for only one day on the 24th, and sales will be suspended even during trading hours if the subscription target amount is reached. The sales suspension (soft closing) is a measure to manage customer returns, as the inflow of new funds dilutes returns.

Seunghyun Kim, Executive Director of the Sales Headquarters at Korea FOSS Securities, explained, “The fund that invested in Kakao Games subscription earned more than 4% profit immediately after listing and has maintained stable returns since then.”

Meanwhile, detailed information about the fund can be checked through the FOSS app and website operated by Korea FOSS Securities.

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