◆’First IPO’ after the system changed… SK Biosciences subscription for 9-10 days
50% of individual contests’equal allocation’
Busy writing strategy for “account numbers important”
After securing the total amount of mobilization including children
NH account doubled by the representative
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Kim Mo, a housewife in her 40s who lives in Ilsan, Gyeonggi-do, has opened a new account under the name of three children while visiting a securities company since last month. To prepare for the subscription to SK Bioscience. My husband and I had already opened accounts at three securities companies without face-to-face, but we had to bear the hassle of opening an account for our underage children. This is because the number of subscription accounts became more important than the subscription margin after the public offering stock subscription system was reorganized to distribute evenly to small subscribers. Mr. Kim said, “Because it is possible to subscribe to multiple securities companies, we prepared a total of 15 accounts.”
According to the financial investment industry on the 4th, after the reorganization of the public offering stock system, individual investors are busy planning their subscription strategy to receive one more week in accordance with the changed subscription system ahead of the subscription to SK Bioscience, the first IPO.
First of all, as multiple subscriptions are allowed, there is a continuing effort to open a new account at the securities company hosted by the public offering. According to the reorganized system, 25% of all public offerings (formerly 20%) are allocated to individual investors, and 50% or more of them are allocated equally. Regardless of the amount of subscription margin, if the minimum subscription criterion (10 weeks) is exceeded, it is divided by 1/n. The remaining 50% is’proportionally allocated’ according to the subscription margin. Now, it is more important to increase the number of subscription accounts than to collect subscription margin.
In particular, there are many individual investors who try to secure the maximum amount by mobilizing the accounts of their families, such as minor children and elderly parents. An official at a securities company that organized the public offering of SK Biosciences said, “The branch is making a lot of sense with customers who are visiting to open an account in the name of their children.” In the case of NH Investment & Securities, which holds the largest volume of SK Bioscience as the representative organizer, 300,000 new accounts were opened in January and 300,000 in February. This is a sharp increase from 110,000 and 200,000 in November and December, respectively. Although the financial authorities plan to prohibit multiple subscriptions, the establishment of a related system is expected to be possible only in the second half of the year.
Individual investors are spurring the preparation of subscriptions because they have high expectations for market profit margins. Even if the offering price is set at 65,000 won, which is the top of the demand forecasting band, it is 169,000 won if it records’Daesang. Dasang refers to the’double upper limit’ that achieves 30% of the intraday upper limit after the initial price upper limit (100%). Although there is a bubble controversy over SK Bioscience’s OTC transaction price (around 200,000 won), it is significantly higher than the expected public offering price. One individual investor explained, “There are many people who expect a profit of around 100,000 won per share.” “There is a calculation that you can earn hundreds of thousands to millions of won if you receive at least one week from six securities companies.” Assuming that 200,000 subscriptions are received per securities company, anyone who subscribes can receive 5 shares of NH Investment, 3 shares of Han2, 3 shares of Mirae Asset Daewoo, 1 share of SK Securities and Hana Financial Investment, and 0~1 share of Samsung Securities. have. Samsung Securities, which has an equally allocated amount of 143,438 shares, distributes by lottery when the number of subscribers exceeds this. In addition, the five securities companies, excluding Hana Financial Investment, decided to set the equal allocation to 50%.
Investors who are aiming for a’proportional allocation’ that gives more stocks with more margin are advantageous to put the remaining funds in a stock company with a large quantity of money at once. An official at a securities company said, “The 5 securities companies have a minimum subscription margin of 325,000 won (10 shares, 50% margin rate), and the remaining subscription margin is driven by a low-competitive place among securities companies with large volumes of NH Investment, Korea Investment, and Future Asset Daewoo. “It’s the best combination to do it,” he advised.
Securities market expects the largest subscription margin to be collected this time. In September last year, Kakao Games recorded 58 trillion 5543 billion won in subscription margin. SK Bioscience, which is going to open a public offering on the 9th to 10th, began forecasting demand for institutional investors for two days from that day. The public offering band is 49,000~65,000 won. An official in the securities industry said, “The public offering of institutional investors will go beyond the band, but it is highly likely to be decided at 65,000 won according to the precedent of SK Biopharm.
/ Reporter Hyejin Lee [email protected]
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