HD Hyundai Marine Solutions IPO Attracts 25 Trillion Won, 'Largest This Year'

Recorded competition rate of 255.8 to 1
Strong demand following the book-building phase
Listing on the KOSPI Market on the 8th of next month

Approximately 25 trillion won (tentative total) was poured into the IPO of HD Hyundai Marine Solutions, considered the biggest IPO of the first half of this year. It is the largest scale this year.

HD Hyundai Marine Solutions announced on the 26th that it recorded a competition rate of 255.8 to 1 after conducting a public offering subscription for general investors over two days starting from the 25th. A total of 601,954,640 subscriptions were made for the 2,353,393 shares allocated to general investors.

With a market capitalization of 3.7071 trillion won at the time of the public offering, HD Hyundai Marine Solutions is evaluated as the largest public offering this year and also set a new record for the largest subscription deposit from general investors this year. The previous largest scale was the subscription deposit of about 14 trillion won for APR, which was listed in February.

HD Hyundai Marine & Solutions and Chevron have agreed to convert the 160,000㎥ LNG carrier Asia Energy into a low-carbon vessel.
[Photo by HD Hyundai Marine & Solutions]

Earlier, during the demand forecast conducted from the 16th to the 22nd, a total of 2,021 domestic and foreign institutions participated, achieving a competition rate of 201 to 1. The final public offering price was set at the upper limit of the desired price band, 83,400 won.

Additionally, the ratio of mandatory lock-up agreements, where shareholders agree not to sell their shares for a certain period, reached 45.1%, marking the highest proportion this year.

HD Hyundai Marine Solutions will complete payment on the 30th and enter the KOSPI market on the 8th of next month.

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