HD Hyundai Marine, Subscription Competition Rate 255.8 to 1... Subscription Deposits 'Highest This Year' (Comprehensive)

Margin Deposit Hits Record High This Year

A subscription deposit of 25 trillion KRW, the largest scale this year, was gathered for the public offering of HD Hyundai Marine Solutions.

HD Hyundai Marine Solutions announced on the 26th that it recorded a competition rate of 255.8 to 1 after conducting a two-day public offering subscription for general investors starting the previous day. A total of 601,954,640 subscription shares were received for the 2,353,393 shares allocated to general investors, and the subscription deposit was estimated at approximately 25 trillion KRW. This figure is a provisional total that does not account for duplicate subscription investors.

The general subscription was conducted through KB Securities and UBS, JP Morgan as the lead underwriters, Shinhan Investment Corp. and Hana Securities as joint underwriters, and Samsung Securities and Daishin Securities as the underwriting consortium.

The subscription deposit for HD Hyundai Marine Solutions is the largest scale this year. The previous largest scale was in February with APR, which attracted a subscription deposit of 14 trillion KRW at that time.

Earlier, in the demand forecasting conducted from the 16th to the 22nd, 2,021 domestic and foreign institutions participated, recording a competition rate of 201 to 1, and the final public offering price was set at the upper limit of the desired band, 83,400 KRW. 100% of the total participation volume in the demand forecast proposed prices at or above the upper limit of 83,400 KRW. The expected market capitalization is 3.7071 trillion KRW. The ratio of lock-up agreement applications, which commit not to sell shares for a certain period, was also 45.1%, the highest proportion as of 2024.

HD Hyundai Marine Solutions plans to use the funds raised through this public offering for mid- to long-term growth such as strengthening its global network and research and development. HD Hyundai Marine Solutions is scheduled to complete payment on the 30th and list on the KOSPI market on the 8th of next month.

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