Big Hit Subscription Closes Today... Last-Minute Jockeying Intensifies↑

If the competition rate is 1000 to 1, it takes only 1-2 weeks, but if it is 500 to 1, 3 weeks are possible.

[Asia Economy Reporter Geum Bo-ryeong] As the general subscription for Big Hit Entertainment's IPO approaches its deadline, investors are engaged in an intense 'game of nerves.'

According to the financial investment industry on the 6th, the interim closing results on the first day of Big Hit's general subscription, which was the previous day, recorded an integrated competition rate of 89.60 to 1 and a deposit amount of approximately 8.6242 trillion KRW.

The interim closing results were not higher than expected. For Kakao Games, which was considered a major stock in the second half of the year, the competition rate on the first day of the general subscription was 427.45 to 1, with deposits amounting to about 16.4 trillion KRW. Of course, this is relatively better than SK Biopharm. SK Biopharm's competition rate on the first day of the general subscription was 61.93 to 1, with deposits of about 5.9 trillion KRW.

The investors' game of nerves can also be seen through the competition rates by securities firms. The competition rates for each securities firm were NH Investment & Securities at 69.77 to 1 (deposit 3.0528 trillion KRW), Korea Investment & Securities at 114.82 to 1 (4.3059 trillion KRW), Mirae Asset Daewoo at 87.99 to 1 (1.1 trillion KRW), and Kiwoom Securities at 66.23 to 1 (165.6 billion KRW). The allocated shares were 648,182 for NH Investment & Securities, 555,584 for Korea Investment & Securities, 185,195 for Mirae Asset Daewoo, and 37,039 for Kiwoom Securities.

A representative from a securities firm handling Big Hit's general subscription said, "Investors who have learned from SK Biopharm seem to be trying to move to places with lower competition rates to get even one more share," adding, "Even yesterday, there were continuous inquiries at branches about how to increase transfer limits, so it seems applications will flood in before today's deadline."

There is more than 118 trillion KRW in standby funds that could move to Big Hit's subscription. According to the Korea Financial Investment Association, as of the 29th of last month, the balance of securities firms' Comprehensive Asset Management Accounts (CMA) was recorded at 64.9352 trillion KRW, setting a new record. Considering it was 61.9962 trillion KRW on the 21st of last month, it increased by 3 trillion KRW in just six trading days. Investor deposits also amount to 53.8801 trillion KRW.

This morning, office worker Kim (47) who participated in the subscription said, "I borrowed against my savings and took out a credit loan to put up about 300 million KRW as a deposit and completed the subscription," adding, "I heard that wealthy investors who can put up 3 billion or 30 billion KRW as deposits will apply intensively in the afternoon."

Office worker Ha Mo (39), who had been hesitant to invest in Big Hit's general subscription, said, "I was thinking of giving up because I heard it was hard to get even one share with 100 million KRW, but since the competition rate on the first day wasn't that high, it seems worth trying," adding, "I have accounts at two securities firms and plan to check the situation around 2 p.m. and then apply." If the competition rate is 1000 to 1, even with 100 million KRW, you can only get 1 to 2 shares, but if it's 500 to 1, you can get 3 shares.

The Big Hit IPO price, confirmed through institutional investors' demand forecasting, is 135,000 KRW. The number of shares available for general subscription is 1,426,000, which is 20% of the total public offering volume. The general subscription will proceed until 4 p.m. today. Refunds of subscription deposits will be automatically transferred to securities firm accounts on the 8th.

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