Global adult education content corporation Day One Company conducted a public offering subscription for general investors over two days from the 15th to the 16th, recording a competition rate of 133.46 to 1, the company noted on the 16th.

Kangmin Lee, CEO of Day One Company. /Courtesy of Day One Company

Out of the general investor allocation amount of 340,250 shares, subscriptions for 45,416,710 shares were received. The subscription margin was estimated at approximately 295.2 billion won.

Earlier, Day One Company conducted a demand forecast targeting domestic and foreign institutional investors from the 6th to the 10th, with a total of 510 institutions participating, recording a competition rate of 115 to 1. The final public offering price was confirmed at 13,000 won.

Day One Company plans to focus its funds secured through this listing not only in Korea but also on a full-scale entry into the global market. In the process, the company also plans to pursue aggressive mergers and acquisitions.

Day One Company CEO Lee Kang-min said, “I sincerely thank the investors who believe in and support Day One Company’s growth and value,” and added, “Through this KOSDAQ listing, we will solidify our position as the first listed company in the market and repay our shareholders’ trust.”

Day One Company is scheduled to list on the KOSDAQ market on the 24th after payment on the 20th. The lead underwriter for the listing is Mirae Asset Securities, and the co-underwriter is Samsung Securities.