A securities firm has emerged that is expanding preferential benefits for initial public offering subscription limits to attract investment management account (IMA) customers.
On the 7th, NH Investment & Securities said it will expand its IPO subscription limit service for IMA investment customers starting on the 8th.
NH Investment & Securities has calculated IPO subscription limits mainly based on pension assets. This time, however, the firm expanded the service to include IMA assets in the preferential criteria applied to IPO subscriptions, so going forward, the standard will be based on the combined amount of pension and IMA assets.
The maximum IPO subscription limit preference at NH Investment & Securities is 300%. To receive the maximum 300% online preference, previously, pension assets had to be at least 100 million won based on the end of the previous month.
Now, customers whose combined pension and IMA assets are at least 100 million won can receive the maximum 300% online subscription limit preference. An official said, "Maintaining 100 million won in pension assets as of the end of the previous month was challenging, but with IMA assets included, a preferential condition has been created."
Tiered benefits based on the average asset size over the previous three months also remain in place. Until now, if the average assets over the previous three months were ▲ 300 million won or more, the preference was 250% ▲ 100 million won or more, 200% online and 150% offline ▲ 30 million won or more, 150% online and 100% offline ▲ less than 30 million won, 100% online for the IPO subscription limit.
In addition, customers holding 10 million won or more in combined pension and IMA assets are offered an extra 50% increase to the limit.
Yoon Byung-woon, CEO of NH Investment & Securities, said, "We aimed to provide a differentiated service that expands IPO investment opportunities for IMA customers," adding, "We will continue to strengthen benefits that customers can feel across all aspects of asset management."
Details on the preferential IPO subscription limit service for IMA customers can be found in the notices on the NH Investment & Securities website or within the mobile trading system (MTS) app.