![[초점] The public offer stock is great?… The reality is different’excellent’](http://img.lb.inews24.com/facebookexternalhit/face/626x352/image_joy/202103/154416275167_1_155248.jpg "[초점] The public offer stock is great?… The reality is different’excellent’")
[아이뉴스24 한수연 기자] As’public offering = jackpot’ spreads like an official in the domestic stock market, subscription margin and competition rate are constantly setting new records. However, the reality often ends with’one day and one day’, so investors’ attention is required.
On the day of listing, even if it succeeds (the initial price is twice the public offering price and then the upper limit), the stock price drops sharply afterwards, or it collapses without even taking an opportunity to increase.
In the stock market on the 23rd, SK Bioscience closed the market at 14,500 won, down 2.43% (3,500 won) compared to the previous trading day. During the intraday, the drop expanded to the 4% range, dropping to 138,000 won. It is a decline for 3 consecutive trading days since the touch of’Tasang’ on the first day of listing on the 18th.
The market cap also evaporated more than 2 trillion won. On the day of listing, the market cap of SK Bioscience, which rose to 28th place on the KOSPI by recording 12.91 trillion won, fell to 10.74 trillion won on the same day, dropping to 2.18 trillion won and down to the 32nd place.
In addition, Life Semantics, which entered the KOSDAQ market that day, fell to the lower limit on the first day of listing. As a digital health professional company, both demand forecasting and competition rates for public offerings exceeded 1,000 to 1, raising margins of 2.7 trillion won, but it rose 0.20% during the day and then fell to the lower limit.
The market’s expectations were met in this way, but the pattern of stock prices plummeting after a sparkling rise on the day of listing is becoming more frequent. SK Biopharmaceuticals, which climbed to 217,000 won at the beginning of last year’s listing (upper limit for three days in a row), fell below the closing price (127,000 won) on the first day of listing at 105,000 won on the same day.
Kakao Games, the protagonist of another public offering stock subscription craze, also finished trading at 62,000 won on the first day of listing in September last year, but the closing price on that day is 51,000 won. Big Hit and Kyochon F&B, which failed in’Daesang’, but gave a large profit compared to the public offering, are also failing to recover the stock price on the day of listing.
According to the Financial Supervisory Service, 14.3% of IPO companies whose offering prices were above the top of the desired band last year showed that their stock prices were below the offering prices as of the end of last year. Therefore, there are voices of concern in the market that the offering of public offerings is as risky as investing in’theme stocks’ aiming for short-term gains.
Seung-Doo Na, a researcher at SK Securities, said, “The level of valuation of newly listed companies is gradually increasing, and as the stock market has recently entered a sideways phase, the rate of return declined immediately after listing of public offering stocks.” Therefore, you should be careful about investing in public offerings.”
/ Reporter Han Soo-yeon ([email protected])