The polarization of box office results in the IPO market has become clear. The subscription competition rates for retail investors in a platform corporation and a satellite communication antenna solution corporation, held one day apart, diverged by more than 100 times.
According to the financial investment industry on the 5th, KNSINC, which is seeking a KOSDAQ listing, received 73,347 applications for its IPO subscription from retail investors from the 4th to the day.
The subscription competition rate was 1,079.55 to 1, and the subscription deposit, which requires paying half of the subscription amount in advance, totaled about 3.6 trillion won.
As a specialized satellite communication antenna solution corporation that has also entered the military satellite communication antenna market, it secured both a revenue base and competitiveness in high value-added businesses, which led to strong retail subscription demand.
Analysts said the sorting of winners and losers in the IPO market is intensifying. The subscription competition rate for retail investors in Dealicious, which closed the previous day, stayed at 10.29 to 1. The number of subscription applications was about 18,600, and the subscription deposit was 19.8 billion won.
Dealicious, founded in 2013, is the operator of the wholesale and retail fashion B2B (business-to-business) platform "Sinsang Market," and its prior institutional investor demand forecast competition rate also remained at 184.06 to 1.
A source in the securities industry said, "As stock market volatility has intensified in the second half, there have been more cases where share prices fall on the first day of listing," adding, "It appears that box office polarization by sector is emerging."
Meanwhile, Dealicious will list on the KOSDAQ on the 12th, and KNSINC will list on the 13th.