KakaoBank Maximum Allotted Shares 2,662... Deposit of 17 Billion Won Paid

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[Asia Economy Reporter Minji Lee] In the KakaoBank public offering subscription held on the 26th and 27th of last month, the maximum number of shares allocated per person was about 2,600 shares. The deposit required to receive this quantity reached 17 billion KRW.

According to the securities issuance performance report submitted by KakaoBank to the Financial Supervisory Service on the 1st, the maximum number of shares allocated to a single subscriber was 2,662 shares. A total of 11 investors received this maximum allocation. The maximum share allocation came from subscribers who applied for the maximum subscription volume of 870,000 shares through the lead underwriter, KB Securities.

Looking at the quantity allocated by each underwriter, KB Securities received 53.8% of the subscription volume, which was more than Korea Investment & Securities (36.5%), Hana Financial Investment (5.8%), and Hyundai Motor Securities (3.8%). The deposit required to apply for the maximum subscription volume was a staggering 16.965 billion KRW. A total of 23 subscribers deposited nearly 17 billion KRW to apply for this volume.

These subscribers received 2,565 shares through proportional allocation based on deposits. Through equal allocation, they received 5 to 6 shares; 12 subscribers received 5 shares, and 11 subscribers received 6 shares through a lottery.

There were 148 investors who deposited more than 10 billion KRW in subscription deposits in the KakaoBank subscription. If subscribing for more than 520,000 shares, a deposit of over 10 billion KRW was required. Among them, 75 subscribers deposited over 10 billion KRW through KB Securities, and 73 subscribers did so through Korea Investment & Securities.

In the case of Korea Investment & Securities, 64 investors subscribed for the maximum subscription volume of 570,000 shares. In this subscription, the largest equal allocation volume was 6 shares by Hyundai Motor Securities, followed by 5 to 6 shares by KB Securities, 4 to 5 shares by Hana Financial Investment, and 3 to 4 shares by Korea Investment & Securities.

The total subscription deposits received by the four securities firms from the KakaoBank public offering general subscription amounted to 58.3 trillion KRW. With 1.86 million subscribers, the competition rate recorded was 182.7 to 1. KakaoBank, having completed the general subscription, will be listed on the KOSPI on the 6th of this month.

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