[Exclusive] Seohak Ants to Be Able to Subscribe to US IPO Public Offering Shares

(Source: Yonhap News)

[Asia Economy Reporter Park Soyeon] Domestic Seohak Gaemi (overseas individual investors) will have the opportunity to participate in IPO subscriptions of companies listed on the U.S. securities market.

On the 30th, according to the investment banking (IB) industry, NH Investment & Securities signed a memorandum of understanding (MOU) with ClickIPO, a U.S. IPO subscription platform company. ClickIPO is an IPO subscription brokerage system company that contracts with underwriters of U.S. stock market IPOs, receives individual allocation of IPO shares, and sells them to general investors.

NH Investment & Securities plans to support Seohak Gaemi's participation in overseas IPO subscriptions through its partnership with ClickIPO. This applies to IPO stocks listed on major U.S. exchanges for which allocation can be received through partnered brokerage firms.

Since the U.S. stock market has a larger trading volume than the domestic stock market, the IPO market is also active, but until now, domestic investors have had no opportunity to directly participate in U.S. IPO subscriptions.

Previously, a securities firm launched an overseas IPO subscription brokerage service, but it was suspended after a week because it was introduced without sufficient consultation with financial authorities.

NH Investment & Securities plans to launch the service after thorough consultation with financial authorities to ensure no legal violations. Considering that the IPO shares have already been priced through local demand forecasting, that the role is purely brokerage, and the aspect of enhancing investor convenience, it is expected that an exemption from submitting a securities registration statement can be obtained.

Jung Young-chae, CEO of NH Investment & Securities, said, "This service targets stocks for which bookbuilding (price determination) has already been completed in the U.S., and NH will only act as an intermediary." He added, "We will proceed with the service after careful review and sufficient consultation with regulatory authorities to ensure there are no legal issues, for the convenience of investors."

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