Lotte Rental, Final General Subscription Competition Rate 65.81 to 1... Subscription Deposit 8.4 Trillion Won

[Asia Economy Reporter Kim Ji-hee] Lotte Rental's final subscription competition rate for the general public reached 65.81 to 1. The subscription deposit was finally tallied at 8.4 trillion KRW.

According to the lead underwriter Korea Investment & Securities on the 10th, a total of 284.75 million shares were subscribed during the two-day public offering subscription period (9th-10th) for general investors. A deposit of 8.4001 trillion KRW was collected from eight securities firms.

Lotte Rental offered 4.3266 million shares in this general subscription. The public offering price was 59,000 KRW per share.

The highest competition rate was at Samsung Securities with 132.00 to 1, followed by Mirae Asset Securities at 118.69 to 1, Korea Investment & Securities at 74.87 to 1, and NH Investment & Securities at 59.38 to 1.

After completing the general subscription, Lotte Rental is scheduled to be listed on the KOSPI market on the 19th.

Lotte Rental is a comprehensive rental company covering all rental services including long- and short-term rental cars, auto leasing, used cars, car sharing, and general rentals. As of the first quarter of this year, it recorded sales of 588.9 billion KRW and operating profit of 49.2 billion KRW.

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