404Kakaobank, Offering Price Was Set at 39,000 won. 2,585 Trillion Won in Demand Forecasting - NSP NEWS AGENCY(English)
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Kakaobank, Offering Price Was Set at 39,000 won. 2,585 Trillion Won in Demand Forecasting

NSP NEWS AGENCY, By soon ki Lee Journali, 2021-07-23 08:42 END7
#Kakaobank #offeringprice #39000

(Seoul=NSP News Agency) soon ki Lee Journalist = Kakaobank announced on the 22nd that it has confirmed the offering price at 39,000 won as a result of forecasting the demand for domestic and foreign institutional investors conducted until the 21st. This is the highest level of the range of the offering price(33,000 won to 39,000 won.

Kakaobank issued a total of 65.45 million new shares ahead of its listing, and allocated 55% of them, or 35,997,500 shares, to institutional investors. The total number of applications at home and abroad was 1,667, and the number was 62.3 billion 77.436 million shares, and the simple competition ratio was 1733:1.

A total of 1,667 institutions, including 1,287 in Korea and 380 overseas, participated in the demand forecasting.

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The total amount of orders was 2,585 trillion won, breaking SKIET’s record of 2,417 trillion won, the highest ever. All participating organizations offered a price of 39,000 won or higher, which was the top of the range of the offering price. The competition ratio was 1,733 to 1, the second highest in the history of the KOSPI.

Kakaobank will accept subscriptions for public shares for general investors for two days on the 26th and 27th. Of the 16,362,500 shares, or 25% of the total volume, which were allocated , half will be allocated equally, and the other half will be allocated proportionally.

Kakaobank will be listed on the stock market on August 6th through general subscription.

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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