Kakao Pay Attracts 1.5 Trillion Won in Subscription Deposits on First Day of General Subscription... Competition Rate 7.97 to 1

[Asia Economy Reporter Kim Jin-ho] On the first day of the public subscription for general investors of KakaoPay, a deposit of 1.5 trillion KRW was gathered by 4 PM on the 25th.

According to the financial investment industry on the 25th, as a result of the general subscription received by four securities firms including Samsung Securities as the lead underwriter for KakaoPay's listing, co-underwriter Daishin Securities, and the underwriting companies Korea Investment & Securities and Shinhan Financial Investment, 600,863 applications were submitted by 4 PM.

Based on the number of subscription shares, 33,870,580 shares were subscribed, recording a competition rate of 7.97 to 1. The subscription deposit amounted to 1.5242 trillion KRW, and the expected equal allocation based on this was 7.07 shares.

The subscription deposit was concentrated mostly in Samsung Securities, which had the largest allocation volume, with 760.6 billion KRW. This was followed by Korea Investment & Securities with 540.7 billion KRW, Daishin Securities with 121.7 billion KRW, and Shinhan Financial Investment with 101.1 billion KRW.

The competition rates were ▲Samsung Securities 7.34 to 1 ▲Daishin Securities 2.55 to 1 ▲Korea Investment & Securities 16.96 to 1 ▲Shinhan Financial Investment 12.69 to 1.

Meanwhile, KakaoPay lowered the subscription threshold significantly by deciding to allocate 100% of the public offering shares for general subscribers equally, a first in the history of domestic initial public offerings (IPO).

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