Search results for retail subscription
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.
Finance
K Bank to start trading on March 5 as investors eye KOSPI rally
K Bank will list on South Korea\'s KOSPI on March 5 after completing its retail IPO subscription. The retail tranche drew a 134.6-to-1 ratio and 9.85 trillion won in subscription deposits, while 2,007 institutions joined bookbuilding with a roughly 199-to-1 ratio. The offer price was set at 8,300 won, implying a market value of about 3.37 trillion won. Analysts cite market conditions and confidence in earnings and growth as key.
Finance
K Bank sets IPO price at 8,300 won, to hold retail subscription on Feb 20, 23
K Bank, which is seeking a listing on the KOSPI, set its final initial public offering price at 8,300 won per share, it said on Wednesday. Bookbuilding drew 2,007 institutions that applied for about 6.55 billion shares, for a 199-to-1 competition ratio, with orders totaling about 58 trillion won. The IPO will raise 498.0 billion won and imply a post-listing market value of 3.37 trillion won.
