KakaoPay Subscription Closes... Final Competition Rate 29.6 to 1

[Image source=Yonhap News]

[Asia Economy Reporter Park Jun-yi] Kakao Pay's general public offering subscription, which closed on the 26th, exceeded 1.8 million accounts. It was revealed that more than 5 trillion KRW was deposited as subscription deposits.

As a result of closing the public offering subscription for general investors on that day, the number of Kakao Pay subscription accounts was counted at 1,824,365. The subscription deposit amounted to 5.6609 trillion KRW, and the competition rate recorded was 29.6 to 1.

The average number of shares allocated per subscriber is 2.33 shares. By securities company, Korea Investment & Securities had the smallest allocation with 1.24 shares, followed by Shinhan Financial Investment (1.66 shares), Samsung Securities (2.82 shares), and Daishin Securities (3.24 shares). Accordingly, subscribers will receive a minimum of 1 to 4 shares depending on the securities company.

Kakao Pay is the first in domestic IPO history to allocate 100% of the public offering shares for general subscribers equally.

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