[집중취재M] The myth of the “dasang” collapsed, the 70% drop, one after another, gave up the listing

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Last year, in last year’s stock market, public offering shares were seen as an opportunity to win the jackpot.

You both entered the subscription for the public offering and even created a negative account to get another share.

The so-called “tasang”, in which the share price jumps two or three times as soon as it becomes public, was considered a formula.

But what about the stock prices of these companies now?

There are a number of stocks that have fallen more than 70% from their highs.

As such, the myth has become a thing of the past and now companies are lining up to give up or postpone the planned listing.

First of all, this is Kim A-young’s report.

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In March last year, as many as 64 trillion won were paid into SK Bioscience’s public offering.

The public offering price was 65,000 won, but it continued to rise and surpassed 360,000 won in five months.

What happened now?

Although it is higher than the IPO price, it is -70% of the maximum.

Both Kakao Pay and Kakao Bank are public offerings that hit the jackpot last year.

But now it’s miserable.

Both stocks fell around 30% from their IPO price and plummeted more than 70% from their highs.

Last year and last year, when huge amounts of money were released after Corona.

People took advantage of zero interest rates to get into debt and IPO shares.

[공모주 투자자(2020년 9월)]

“You are doing it without knowing anything. 50,000 shares, 600 million won. (Bank) There is no interest on a penny.”

Companies have taken advantage of this craze to go public.

Last year 89 companies were listed.

However, two-thirds of those, 60, are currently below their IPO price.

With interest rates on the rise and money lines running out, the mood has changed 180 degrees this year.

Hyundai Oilbank, which was supposed to have a company value of over 10 trillion won, as well as One Store, Olive Young and Ssuk.com are delaying or waiting for their listing.

[나승두/SK증권 연구원]

“It’s hard to get decent enough business value, so when we’re looking for the next opportunity, the IPO market continues to falter and shrink.”

Indeed, Socar’s share price, which was listed a month ago, has continued to fall, far from being a “disappearance”, and has fallen 30% from the IPO price.

It should also be noted that a bubble is in progress in the price of the initial public offering.

When setting the IPO price, Krafton listed Walt Disney and Kakao Pay, PayPal, as a comparison company.

I’m Kim Ah-young from MBC News.

Video Coverage: Lee Sang-yong / Video Editing: Kwon Ji-eun

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