960,000 People Subscribe to KakaoBank on First Day... 12 Trillion Won in Deposits, 38 to 1 Competition Ratio

[Asia Economy Reporter Park So-yeon] On the first day of the general subscription for KakaoBank's (K-Bank) public offering on the 26th, more than 12 trillion won was received as subscription deposits.

According to the lead underwriter KB Securities, the total subscription deposits gathered at the four securities firms handling K-Bank's public offering subscriptions amounted to 12.0522 trillion won, as officially tallied.

The largest allocation was at KB Securities, which attracted 6.6214 trillion won. Korea Investment & Securities, the underwriting company, gathered 4.5969 trillion won, while Hana Financial Investment and Hyundai Motor Securities collected 596.9 billion won and 236.9 billion won respectively.

The integrated subscription deposits on the first day fell short of the levels seen in SK Innovation Electronics Technology (SKIET, 22.2 trillion won) or SK Bioscience (14.1 trillion won), where duplicate subscriptions were allowed.

Due to the revision of the Enforcement Decree of the Capital Markets Act, K-Bank does not allow duplicate subscriptions through multiple securities firms. If duplicate subscriptions occur, only the first received subscription is recognized as valid.

The integrated subscription competition rate on the first day was 37.8 to 1.

The competition rates calculated by dividing the subscription quantity by the offering quantity for each securities firm were 39.4 to 1 for Korea Investment & Securities, 38.5 to 1 for KB Securities, 32.4 to 1 for Hana Financial Investment, and 19.3 to 1 for Hyundai Motor Securities.

The total number of subscription applications across the four securities firms reached 962,810, approaching one million.

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