Hana Securities plans to hold a public offering for an investment product with Korean domestic pork, known as Handon, as the underlying asset.
Hana Securities said on the 13th that, in collaboration with DataGen, it will proceed with the second public offering of Korea's first investment contract securities using Handon as the underlying asset.
The second public offering will be available to customers with Hana Securities accounts and will run from the 14th to the 27th through the Findon platform. The number of shares to be offered is 10,640, and the issue price is 20,000 won per share. The total offering size is about 212.8 million won. The underlying asset is 500 head of Handon, with a target to sell within three to six months after finishing the raising period.
The first product, launched earlier, sold out all 10,812 shares on the morning of the subscription day. The final subscription rate was 282%. On the 30th, the sale of the underlying asset was completed, and the total sale amount came to 255,946,891 won.
Cho Dae-heon, head of the AI Digital Strategy Division at Hana Securities, said, "The 282% subscription rate is a case that confirmed there is meaningful investment demand for investment contract securities products based on real assets," and added, "We plan to steadily introduce a variety of real asset–based products while supporting follow-on issuance based on our experience as an issuance advisor and account management institution."