"Can't Receive Even One Share?"... SKIET Delays Lottery for Equal Allocation of IPO Shares

Organizer Mirae Asset Unable to Finalize Employee Stock Ownership Plan Forfeited Share Allocation Method
Brokerages Can Only Conduct Drawings Late Afternoon
Branch Subscription 'Empty-Handed' Investors Face 5,000 Won Fee Loss

[Asia Economy Reporter Ji Yeon-jin] In the SKIET public offering subscription, which broke the record for the largest margin ever, it is expected that many investors will end up empty-handed, and securities firms' lotteries are being delayed.

According to the securities industry on the 30th, Mirae Asset, the lead underwriter of SKIET, has not yet finalized the allocation method for the shares not subscribed by the SKIET employee stock ownership association, so securities firms have not started the lottery until the morning of that day. A securities firm official said, "Since the allocation of the employee stock ownership shares has not been finalized yet, all securities firms may announce the lottery results late in the afternoon today." A Mirae Asset official said, "The lottery will likely be held after the stock market closes today," adding, "It may be difficult to announce the results within today."

The SKIET subscription, which closed the previous day, gathered a margin of 80.9017 trillion won. This broke the previous record held by SK Bioscience (about 63 trillion won). The competition rate was calculated at 288.2 to 1. This is because it is the last public offering this year that allows multiple subscriptions under the equal allocation method introduced this year, leading individual investors to apply through multiple accounts.

The number of subscription accounts exceeded the equal allocation shares assigned to each securities firm, so securities firms must allocate shares through a lottery for all subscribers. A total of 4,744,557 people participated in the subscription, greatly exceeding the total equal allocation shares (2,673,750 shares). Because of this, Mirae Asset is expected to have 1 out of 10 people receive no shares, and Korea Investment & Securities is expected to have 4 out of 10 people receive no shares. Samsung Securities will have 1 out of 8 people, and NH Investment & Securities will have only 1 out of 10 people receive 1 share through equal allocation. Only SK Securities subscribers can receive 1 or more shares.

Among the investors who receive no shares in this subscription, those who applied through branches have effectively lost 5,000 won. Mirae Asset, NH Investment & Securities, Samsung Securities, and others charge a 5,000 won fee for branch subscriptions. Subscription fees using online trade systems are free.

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