Maxst IPO Subscription Competition Rate 6000 to 1... Highest Ever

Public Offering Quantity of 250,000 Shares Attracts 845,468,680 Applications

[Asia Economy Reporter Lim Hye-seon] The subscription competition rate for the public offering of Maxst, a metaverse platform company, has surpassed 6000 to 1. This is the highest competition rate in the history of the domestic stock market.

According to Hana Financial Investment, the lead underwriter, as of the 19th, during the two-day subscription period for general investors, 845,468,680 shares were subscribed for the 250,000 shares offered in Maxst's public offering.

The simple competition rate, calculated by dividing the subscription quantity by the offering quantity, is 3391.87 to 1, and the final competition rate reflecting equal allocation is about 6763 to 1, which is twice that. Maxst's subscription deposit amounted to 6.341 trillion KRW.

Earlier in January, mobile platform company NBT recorded a subscription competition rate of 4397.67 to 1. At the time of NBT's subscription, equal allocation was not introduced. Based on the competition rate calculated by dividing the subscription quantity by the offering quantity, Maxst ranks second all-time.

Founded in 2010, Maxst is an augmented reality (AR) solution provider, recently focusing on the metaverse platform business. Previously, Maxst finalized its public offering price at 15,000 KRW, exceeding the upper limit of the desired price range during institutional demand forecasting. The public offering amount is approximately 15 billion KRW. Maxst will be listed on the KOSDAQ market on the 27th.

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