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[Alpha Biz=(Chicago) Reporter Paul Lee] According to the Korea Exchange on the 14th, Manyo Factory formed the initial price at 32,000 won, twice the initial public offering price (16,000 won), and closed the deal at the upper limit of 41,000 won. It rose to 30%, the maximum price limit on the day of listing.
The Manyo Factory closed higher for the third consecutive trading day since its listing. Korea Investment & Securities holds 4.19% of Witch Factory shares.
Korea Investment & Securities secured 599,984 Manyo Factory shares through a free IPO of 3 billion won before listing. The acquisition price per Manyo Factory is 5,000 won, which is 6.6 billion won based on the public offering price of 16,000 won.
Even if the valuation profit is converted based on the closing price of the day, it amounts to 22 billion won. The initial investment resulted in a return of about 731%.
However, it is possible to realize the return on investment of Korea Investment & Securities from early December this year. There is a six-month mandatory protection period after listing.
Even if Manyo Factory shares fall six months later, Korea Investment & Securities has already secured valuation gains and acquisition fees based on public offering prices. Finally, attention is drawn to the fees that Korea Investment & Securities will obtain.
Korea Investment & Securities acquired 1.8 million out of 2 million Manyo Factory shares. The acquisition fee earned is 1,041.6 million won. It also acquired 60,000 shares of Manyo Factory at 16,000 won as a mandatory acquisition of the listing organizer. The acquisition cost is 960 million won.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
