APR subscription attracts 1.6 trillion won on first day... Competition rate 137 to 1

Subscription Deposit of 1.625 Trillion Won on First Day
Successful Despite 250,000 Won Increase in Offering Price

As the first company to be listed on the KOSPI this year, beauty tech company APR attracted more than 1.6 trillion won in subscription deposits on the first day of its general subscription.

According to the financial investment industry on the 14th, Shinhan Investment Corp., the lead underwriter of APR, and Hana Securities, the joint underwriter, received 356,410 subscription applications by 4 p.m. The subscription deposits totaled 1.625 trillion won.

Based on the number of shares subscribed, 13 million shares were requested, resulting in a competition rate of 137.21 to 1.

By securities company, Shinhan Investment Corp., which was allocated the largest portion as the lead underwriter, recorded a subscription competition rate of 142.95 to 1. Hana Securities recorded 114.22 to 1.

Compared to Doosan Robotics, which was considered the biggest IPO last year and had a competition rate of 50 to 1 on its first subscription day, the competition was fiercer.

Out of the 379,000 APR public offering shares, only 94,750 shares were allocated to general investors. Shinhan Investment Corp. was allocated 75,800 shares, and Hana Securities was allocated 18,950 shares.

APR set its public offering price at 250,000 won, exceeding the highest end of the desired price range of 200,000 won.

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