IPO public offering amount surpasses 20 trillion won this year... 3.4 times increase compared to last year

Impact of Trillion-Won IPO Giants Entering the Stock Market
SK바사, SKIET, KakaoBank, Krafton, Hyundai Heavy Industries, KakaoPay: 6 Companies, 13 Trillion Won

[Asia Economy Reporter Minji Lee] This year, with a series of 'big-ticket' IPOs being listed, the total amount raised through initial public offerings (IPOs) has surpassed 20 trillion won. However, as the year-end approaches, the number of companies achieving 'ttasang' (where the opening price is set at twice the IPO price and the stock hits the daily upper limit on the first day) is decreasing, and the first-day returns are not as strong as they were at the beginning of the year.

According to the Korea Exchange on the 14th, as of the 12th of this month, 104 companies (including SPACs and REITs) have newly listed on the KOSPI and KOSDAQ markets this year, raising a total of 20.1279 trillion won. This is 3.4 times the amount raised last year (5.9355 trillion won from 95 companies). It is also about twice the previous record set in 2010 (10.1453 trillion won).

This is thanks to the large-scale entry of 'mega' IPOs worth trillions of won into the stock market this year. The combined IPO proceeds of six companies?SK Bioscience (1.4918 trillion won), SK IE Technology (2.246 trillion won), KakaoBank (2.5526 trillion won), Krafton (4.3098 trillion won), Hyundai Heavy Industries (1.08 trillion won), and KakaoPay (1.53 trillion won)?amount to 13.2101 trillion won. By market, 17 companies on the KOSPI raised about 16.8694 trillion won, while 87 companies on the KOSDAQ raised approximately 3.2586 trillion won through IPOs.

However, as the stock market has recently weakened, the performance of newly listed IPOs has somewhat declined. From the beginning of this year through August, including SK Bioscience, 15 companies achieved 'ttasang' by setting the opening price at twice the IPO price and hitting the daily upper limit during trading. Since September, only two companies?Iljin Hi-Solus and GI Tech?have succeeded in achieving 'ttasang'. The mega IPO KakaoPay entered the market with an excellent performance, closing on its first day (October 3rd) at a price 114% higher than the IPO price, but it failed to achieve 'ttasang'.

There have even been cases where stocks closed below their IPO price. Recently listed on the KOSDAQ, Refine and Geninus fell 32% and 33%, respectively, compared to their IPO prices on their first day. Looking at monthly averages, the average first-day return compared to the IPO price was maintained between 45% and 80%, except for May (25.09%), from January to August. However, since then, the returns have been relatively weak, recording 37.32% in September and 20.50% in October.

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