As nearly 4 trillion won flowed into the public offering subscription, confusion erupted during the subscription process of CK Solution, which drew attention, when the lead manager, NH Investment & Securities, changed the number of shares. NH Investment & Securities explained that it was a simple clerical error by an employee and was unrelated to the allocation of shares for employee stock ownership.
NH Investment & Securities allocated an initial 450,000 shares for the public offering of CK Solution, which started on 4th. However, before the subscription ended on the second day at 4 p.m., the number changed to 375,000 shares. Consequently, the subscription competition ratio rose from the previous 2,196 to 1 to 2,635 to 1.
NH Investment & Securities noted, "The originally allocated number for the general subscription was 375,000 shares, but we discovered that it had been incorrectly recorded as 450,000 shares just before the end and made corrections." They added, "We apologize for causing confusion and inconvenience to our customers," and pledged to thoroughly implement measures to prevent such incidents from recurring.
The general subscription for CK Solution gathered over 3.7 trillion won in margin. The number of subscriptions reached 153,400. Amid a recent revival in the public offering market, investment funds flocked to the news that a company producing key equipment for secondary battery manufacturing processes is going public.