SK Bioscience ahead of subscription
As a large number of subscribers flock to SK Bioscience’s general public offering, which began on the 9th, there is a growing possibility that subscribers who have not received even one week will appear one after another.
This is because if the number of subscription accounts for each brokerage company is more than the equally allocated amount, it is changed to a random lottery method.
According to the financial investment industry on the 10th, on the 9th, the first day of SK Bioscience’s general public offering stock subscription, more than 14 trillion won was rushing to six supervisory securities companies, resulting in an average competition rate of 75.87:1.
Until last year, in the case of popular public offering stocks, at least tens of millions of won had to be put in as margin to receive one week, but from this year, small subscribers also have a way to receive the allocation of public offering stock.
An equal allocation method was introduced in which half of the amount allocated to the general public offering was distributed evenly to all subscribers who made the minimum subscription quantity.
Accordingly, SK Bioscience subscribers can secure 1 share by subscribing the minimum subscription volume of 10 shares and inserting a margin of 325,000 won.
In addition, multiple subscriptions are possible, so if you open an account with all six securities companies that receive subscriptions, you can secure up to six weeks by subscribing each.
However, this is a possible scenario when the number of subscription accounts is smaller than the equally allocated amount. It will be different when the subscription is crowded.
Each brokerage company allocates half of the allocated amount equally, and if the number of subscription accounts exceeds the equally allocated amount, it is distributed through lottery.
For example, if the amount of equally allocated amount is 100 shares, and the number of subscription accounts exceeds 100, it will be allocated by lottery. Depending on the result of the lottery, there may be subscribers who do not receive even one week.
There are also securities companies whose number of subscription accounts exceeded the equally allocated amount only by the result of the first day of subscription on the 9th.
In the case of Samsung Securities, 143,438 shares are equally allocated. However, the day before, the first day, the number of subscription accounts recorded 22,57 more than this. It is not possible to allocate one week to the entire subscription account.
For Hana Financial Investment, the equally allocated amount was 14,3,438 shares, and the number of subscription accounts on the first day was 134,000,893. When the subscription is received on the second day, the lottery method is expected to be applied.
In the case of NH Investment & Securities, which has the largest volume, the equally allocated amount is 106,438 shares, and the number of subscribed accounts on the first day reached 341,634. There is still room, but whether you can receive one week depends on the number of subscription accounts on the second day.
In the case of Korea Investment & Securities, 275,000,890 subscriptions were made on the first day for an equal allocation of 659,000,813 shares.
Mirae Asset Daewoo’s equally allocated amount was 631,125 shares, and the number of subscription accounts on the first day was 244,54. In the case of SK Securities, the number of subscription accounts was 44,586 with 229,000 shares of the equally allocated amount.
An industry insider said, “It is advantageous to subscribe to a securities company with a relatively low competition rate to receive even one week,” he said. “Subscribers may move from a securities company with a high competition rate to another brokerage company on the first day of subscription.”
[표] Equal allocation amount by securities company and number of subscriptions on the first day of subscription
(Unit: KRW, share, case)
┌───────┬───────┬───────┬──────┬──────┐
│ Securities companies │ Recruitment quantity │ Equal allocation quantity │ No. of subscriptions │ Competition rate │
├——–┼——–┼———-┼——–┼——–┤
│ NH Investment & Securities │ 2,122,875 │ 1,061,438 │ 341,634 │ 0.32 to 1 │
├——–┼——–┼———-┼——–┼——–┤
│ Korea Investment & Securities │ 1,319,625 │ 659,813 │ 275,890 │ 0.42 to 1 │
├——–┼——–┼———-┼——–┼——–┤
│ Mirae Asset │ 1,262,250 │ 631,125 │ 244,054 │ 0.39 to 1 │
├——–┼——–┼———-┼——–┼——–┤
│ SK Securities │ 459,000 │ 229,500 │ 44,586 │ 0.19 to 1 │
├——–┼——–┼———-┼——–┼——–┤
│ Samsung Securities │ 286,875 │ 143,438 │ 220,057 │ 1.53 to 1 │
├——–┼——–┼———-┼——–┼——–┤
│ Hana Financial Investment │ 286,875 │ 143,438 │ 134,893 │ 0.94 to 1 │
└───────┴───────┴───────┴──────┴──────┘
※ As of the 9th, each securities company
※ Excluding the amount of real vouchers for our stockholders, the equally allocated amount is 50% of the number of recruitment (rounded up)
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