More than 250 billion won in deposits poured into the general subscription of Aiji net, which is pursuing listing on the KOSDAQ market.
Aiji net noted on the 21st that it conducted a public subscription for general investors over two days, from the 20th to the 21st, raising 255.5 billion won in subscription deposits.
For the allocation of 500,000 shares to general investors, 72,997,430 shares were applied for. The final competition ratio was recorded at 145.99 to 1, with the shares allocated equally estimated at 2.01 shares, and the proportional competition ratio estimated at 291.13 to 1.
Aiji net is an insurtech corporation that operates the insurance diagnostic application (app) 'Bodak' and was established in 2014. Until the third quarter of last year, it recorded a consolidation revenue of 17.1 billion won and an operating profit of 400 million won.
Korea Investment & Securities, the underwriter for the listing, said, "Following the demand forecast, we saw good results in the general subscription, reaffirming Aiji net's corporate value."
Earlier, Aiji net confirmed the public offering price at 7,000 won, which is the upper limit of the hoped-for public offering price range, after a successful subscription demand forecast conducted with domestic and foreign institutional investors.
Meanwhile, Aiji net is scheduled to be listed on the KOSDAQ market on the 4th of next month after payment on the 23rd.