‘Ransom worth 500 billion’ Baek Jong-won 12 trillion in The Born Korea listing… General membership margin ‘popular’ – Mael Business Newspaper

Born Korea, led by CEO Baek Jong-won, was successful in predicting demand for institutional investors and also in subscribing to general investors.

A margin of about 12 trillion won was collected. However, it is understood that a significant number of employees have given up their share of employee stock ownership.

According to the financial investment industry on the 29th, The Born Korea held a general subscription on the 28th and 29th of this month to be listed on the stock market, and a total of 673,421 applications were received, and the rate was competition 772.80 to 1. . The margin came to 11.8238 trillion won.

In the application forecast conducted by The Born Korea from the 18th to the 24th, 2,216 domestic and foreign institutions participated, showing a competition rate of 734.67 to 1.

Based on the participating measure, 99.73% proposed a price above the upper end of the desired range (23,000 won to 28,000 won), and the public offer price was confirmed at 34,000 won.

Born Korea is expected to be listed on the stock market on the 6th of next month.

However, unlike the common sense of membership, a large number of issued shares appear to have been created in employee stock ownership association membership. This means that the stocks have been converted to a general public offer as employees give up their part of the acquisition rights.

According to the securities industry today, the stocks allotted to Korea Investment & Securities, the underwriter, increased from 450,000 to 540,000 shares, and the stocks allotted to NH Investment & Securities up from 300,000 to 360,000.

Given that up to 150,000 additional shares were expected to be allocated to common stockholders in the event of share forfeitures among the 600,000 employee stock shares in accordance with the investment prospectus, it is estimated that at least 150,000 shares were removed. After the allocation, the remaining shares will be given to institutional investors.

However, some in the securities market believe that this event of issued shares is not unusual.

Unlike KOSDAQ, which can voluntarily allocate up to 20% of employee stock shares, in the stock market, 20% of public stocks must be unconditionally allocated to the stock market. -work, regardless of the demand of workers.

A security industry official said, “Since Born Korea is a medium-sized company, not a large corporation, it would likely have been difficult to include the full amount of employee stock ownership worth tens of millions of earnings per employee. “

Born Korea has 720 employees. Based on the confirmed public offering price, the amount of employee stock shares allocated is approximately KRW 20.4 billion, and it is estimated that approximately KRW 28.3 million per person has been allocated.