'SK Bioscience Subscription' Attracted People in Their 50s to Korea Investment & Securities
Analysis of Subscription for SK Bioscience by Hanwha Investment & Securities
Subscription Fund Proportion Highest in 50s Age Group
Average Deposit per Person 42.7 Million KRW
[Asia Economy Reporter Junho Hwang] As of the 11th, it was reported that 549,000 people applied through Korea Investment & Securities among the six lead securities firms participating in the general public subscription for SK Bioscience, which closed on the 10th.
This number is overwhelmingly higher compared to last year's IPO 'Big 3'?Big Hit Entertainment (103,000), Kakao Games (215,000), and SK Biopharm (87,000).
However, the average subscription deposit per person for SK Bioscience applicants was 30 million KRW, the lowest level among large public offerings. Big Hit (230 million KRW per person), Kakao Games (150 million KRW), and SK Biopharm (120 million KRW) all had higher amounts.
By age group, 30s accounted for 26.4% and 40s for 24.4%, making up more than half of the applicants. Over 90% of these applicants subscribed through non-face-to-face channels.
Looking at the proportion of subscription deposits by age, those in their 50s showed the highest share at 28.1%, followed by those in their 60s at 26.0%. The average deposit per person for the 50s was 42.7 million KRW, and for the 60s, it was 66.7 million KRW. Although they mainly used non-face-to-face channels (50s 90.5%, 60s 79.0%), their usage levels were lower than those in their 30s and 40s.
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The proportion of new customers among applicants was 19.1%, the second highest after Kakao Games. Korea Investment & Securities stated, "By age group, applicants aged 20 and under increased significantly to 16.6%, which is believed to be due to the active influx of investors utilizing the equal allocation method that allows even relatively small amounts to aim for public offering shares."
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