<Anchor> It's
friendly economy time. I will also be with reporter Kim Hye-min today (2nd). The general public seems to be doing it a lot these days, but there are a lot of subscriptions for public offerings. But what happened to a game company that lowered the public offering price?
<Reporter>
Regarding the IPO, I was not going to do it for a while because I introduced it several times in this corner, but in fact, I have news that you should know this time, so I brought it.
There is a game company called 'Crafton' which is famous for the online game 'Battleground'. It is scheduled to go public in early next month after receiving general subscriptions. When it comes to listing, the company submits a securities declaration to the Financial Services Commission.
Here, the range of the desired public offering price per share is written down. Krafton initially offered between 458,000 won and 557,000 won.
However, the Financial Supervisory Service has put the brakes on it, and demanded the submission of a correction report, saying, "I hope the public offering price calculation criteria are more clearly stated."
In fact, it can be seen that the intention is to lower the IPO price, and in the end, Krafton lowered the hope range of the IPO price from 400,000 won to 498,000 won yesterday. By comparison, that's about $5,000.
It is actually rare for this public offering to lower the hope range, but in the meantime, most other companies have passed the public offering price range as it is. In addition, the offering price was often determined with the highest price within the desired range.
<Anchor>
So, in the end, the FSS said that the FSS should lower it a bit in a roundabout way because the public offering price was hoped too high. How high did you say it?
<Reporter>
Looking at the securities declaration submitted by Krafton for the first time, the amount of public offering based on the IPO price was the largest in the history of IPO in Korea.
In addition, we estimated the company value to be about 3570 trillion won, which is about twice the market capitalization of NCsoft, which leads Krafton in performance. How do you compare?
In addition, when crafting the company value, 7 large game companies at home and abroad, as well as global content companies Walt Disney and Warner Music Group, were also presented as targets for comparison.
But in fact, these two companies are the film and TV industry and the music industry. It has nothing to do with the game company Krafton.
So, in the financial circles, suspicions like, "Isn't Krafton increased the corporate value and the IPO price by forcibly adding Walt Disney as a comparison object?"
In the end, Krafton lowered its fair market cap to about KRW 29.1 trillion. We changed the comparison target to include only 4 domestic game companies.
<Anchor> It's
hard to talk about it because it's a very specialized field, but it's true that it feels a bit overblown when you listen to it. So in the end, if ordinary people just invest in such an inflated company, ordinary people can lose money. So, did the Financial Supervisory Service put a brake on it?
<Reporter>
That's right. That part is, if the IPO price is set too high, the stock price will fall after listing, and the investors who bought the stock may suffer damage.
In particular, the performance of other IPOs that have already been listed are not very good. There are quite a few cases where the current stock price of the public offering stocks, which were expected to see a significant increase in stock prices last year and this year, is lower than the first day of listing.
The stock price of Kakao Games on the first day of listing was 62,400 won, and yesterday's closing price dropped a lot to 57,500 won.
SK Bioscience's share price also closed at 158,500 won yesterday, but it has not recovered its share price on the first day of listing.
Also, on the first day of listing for public offering stocks, it was considered official to say, "I'll do it, I'll do it." Now, this too is breaking down a lot.
<Anchor> As
interest in IPO stocks has increased, the method of subscribing to IPO stocks has become a little easier and wider than before. I think I will invest a lot in this way, but I still have to study a lot about investing in public offerings. right?
<Reporter>
That's right. This is the reason why I came up with this story today. The recent public offering has become more popular as the government expands investment opportunities to individual investors.
It has been changed to an equal distribution method in which shares are distributed to all investors who have paid the minimum margin.
You can earn pocket money by setting aside a small amount of money and overcoming the hassle of opening a brokerage account. This perception spread.
In addition, duplicate subscriptions that receive multiple stocks by making subscriptions to multiple securities companies at once should be banned, but it has not been implemented yet as it takes time to establish the system.
So, the popularity of public offering shares has been huge in the last 6 months, when duplicate subscriptions are possible. However, it is important to note that dasang and dattasang may not come easily as companies have recently raised their offering prices.
In the second half of this year, Kakao Bank, Kakao Pay, LG Energy Solution and Hyundai Heavy Industries are scheduled to go public.