Search results for retail subscription
Finance
IPO market stirs as duplicate listing ban takes effect, investor sentiment still weak
More than a month after South Korea began enforcing guidelines that ban duplicate listings in principle while allowing exceptions, some long-delayed listing reviews have resumed and IPO supply in September is expected to increase. Investor appetite for IPOs remains weak, with most newly listed firms in August trading below their offer prices. New rules impose duties on parent boards and require subsidiary independence, while market watchers cite softer demand in bookbuilding and subscriptions.
AI & Enterprise
Rableup files securities registration statement, steps up Kosdaq listing push
AI infrastructure management and operations software company Rableup said on Monday it filed a securities registration statement with South Korea\'s Financial Services Commission and began the public offering process for a Kosdaq listing. NH Investment & Securities is the lead underwriter. The company plans to offer 2.18 million shares at 20,000 to 23,000 won each, targeting proceeds of 43.6 billion to 50.1 billion won, and invest the funds in R&D, global expansion and infrastructure.
Finance
Hanpass posts 1,673.04-to-1 ratio in retail IPO subscription
Hanpass posted strong demand in its retail subscription for an initial public offering, recording a 1,673.04-to-1 competition ratio over the two-day period from March 16 to 17, the company said on Monday. It logged about 510,000 subscription bids and about 437 billion won in deposits. In earlier institutional bookbuilding, 2,229 domestic and overseas institutions participated, with a 1,172.59-to-1 ratio, fixing the offering price at 19,000 won.
