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KOSDAQ Ventures Getting Boosted with Publicly Subscribed Stock Market Reviving
Public Subscription Stocks
KOSDAQ Ventures Getting Boosted with Publicly Subscribed Stock Market Reviving
  • By matthew
  • October 10, 2013, 05:19
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The market for publicly subscribed shares is improving. This is because more than seven out of ten newly-listed stocks have already met the public offering price, showing an excellent earnings rate. 

According to the Korea Exchange on October 9, there are 20 new stocks listed on the domestic stock exchange so far this year. 15 of them, which are actually 75% of the whole, are nearing the public offering price.  

On the other hand, there are some groups that have reached twice the public offering price only shortly after listing. Amicogen, listed on KOSDAQ on September 12, is an example.

Investors are paying close attention to publicly subscribed shares as well. Buying stock in a public offering can get as competitive as 100:1. In fact, GNC Energy listed last month showed a competition rate of 1251:1. 

Winpac (39.65:1) and Woori ENL (3.04:1) are the only two with competition rates under 100:1 this year. All the other listed companies boasted competition over several hundred to one. 

Therefore, a lot of attention is paid to the rest of the publicly subscribed shares. About ten companies, including Hyundai Rotem which is scheduled to list on the securities market, will be selling public offering stocks this year.