Abko, General Subscription Competition Rate 978 to 1... Subscription Deposit Approximately 6 Trillion Won

[Asia Economy Reporter Geum Bo-ryeong] The gaming gear specialist company ABKO recorded a subscription competition rate of 978 to 1 in its public offering. Approximately 6 trillion KRW was raised solely through subscription deposits.

ABKO announced on the 25th that the final competition rate for the public offering subscription for general investors held on the 23rd and 24th was 978 to 1.

The subscription deposit amounted to 5.9588 trillion KRW. For the 501,400 shares allocated to general investors in the public offering subscription, 490,438,980 shares were applied for.

ABKO also recorded a competition rate of 1141 to 1 in the demand forecast for institutional investors conducted earlier. The public offering price was set at 24,300 KRW, the top end of the desired band (21,400 to 24,300 KRW).

Oh Kwang-geun, CEO of ABKO, explained, "The funds raised through the public offering will be invested in expanding production and logistics facilities and overseas expansion to accelerate the globalization of the gaming gear business as a global brand, and to firmly establish our position in the new business of the New Life home appliances market. Even after listing, we will continuously grow and generate profits to become a global player that maximizes shareholder and corporate value."

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