Input 2021.03.12 06:00
SK Bioscience’s subscription margin will be refunded on the 12th, two days after the subscription is completed. As an investor, it is in a situation that he has to pursue a profit by putting the money he received back into another investment destination. Securities industry officials say that as the volatility of the stock market has increased significantly in recent years, the investment attractiveness of public offering stocks, which is recognized as a relatively safe asset, is great.
Investors who subscribe to SK Bioscience will receive the remaining amount from the total margin, excluding the allocated public offering price. In other words, 63,2403 billion won out of 63,619.7 billion won of the total subscription margin will enter the account of the subscription participant.
Withdrawals can only be made two days after the stock sale is received as deposit, but the subscription margin can be withdrawn immediately after a refund.
It is difficult to accurately predict what the future will be about 63 trillion won, but there is a possibility that the public offering stocks that will be subscribed to SK Bioscience will benefit.
Last 2016 Samsung Biologics (207940)When the public offering subscription was made ahead of the listing, 10 trillion won of subscription margin was collected. Handy Soft (220180)And HNT Electronics, Ocean Bridge (241790)All of them recorded a subscription competition rate of around 1000:1. As the public offering market at the time was not overheated as in recent years, this can be interpreted as a result of reflecting the influence of Samsung Biologics to some extent.
Securities industry officials say that the listing of Daeeo, such as SK Bioscience and Samsung Biologics, is often a huge boon for the public offering market. This is because large-scale funds flow into the market and the capital market itself becomes large.
Han-cheol Bang, director of the Corporate Finance Department of Korea Investment & Securities, explained, “When a large public offering stocks such as SK Bioscience are listed, they often subscribe to other small and medium-sized public offerings based on their experience in signing up for such big fish.
As such, it is generally advantageous to schedule a public offering immediately after the subscription to Daereo for companies that are about to be listed, as the impact of Daeeo-class public offering stocks on the public offering market is so great.
Director Bang said, “In order to utilize the subscription margin of the large fishery class, we often try to schedule the subscription subscription according to the refund date.” “He said.
On the day of the refund of SK Bioscience’s subscription margin, a public offering of the digital healthcare company Life Semantics is scheduled. The offering price is 12,500 won. Genoco, an aerospace telecommunications company, and Giant Staff, a video and visual effects (VFX) company, will receive subscriptions from the 15th to the 16th. Reducer maker Haesung TPC and inspection equipment maker NSIS are also waiting for an offer for a public offering on the 22nd and 23rd.
As such, the subscription margin may be immediately invested in other public offering stocks, but there is a possibility that it will be tied to safe assets first and then invested in large public offering stocks that are expected to have a stable share price trend in the future.
In fact, after Kakao Games applied for a public offering in September last year, it was found that large-scale short-term funds were accumulated in the securities company’s comprehensive asset management (CMA) account. According to the Financial Investment Association, on September 2, the second day of Kakao Games subscription, the personal CMA account balance was 38 trillion won, and it exceeded 50 trillion won on the 4th, the subscription margin refund date. On the 11th, a week later, it increased to about 54 trillion won.
There seems to have been short-term funds flowing into the money market fund (MMF). On the 4th, the date of the refund of Kakao Games subscription margin, the amount of MMF set by individual investors was 22.500 trillion won, and on the 8th, it increased by 2 trillion won to exceed 24 trillion won.
Hwang Se-woon, a research fellow at the Capital Market Research Institute, said, “The funds received as subscription margins are short-term floating funds that can be withdrawn at any time.
Park Byung-ki, head of the corporate finance division of Hana Financial Investment, said, “Other big fish such as Kakao Pay, Kakao Bank, and LG Energy Solutions are waiting to be listed this year.” There will be a lot of investors to reinvest.