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LG Ensol IPO increased more than 23 times in opening new accounts with securities companies

LG Ensol IPO increased by more than 2-3 times when opening new accounts with securities companies

General subscription from the 18th to the 19th… Institutional demand forecast followed by ‘best in history’ box office forecast

If you put in an application fee of 1.5 million won, it is expected to be allocated in 2-3 weeks

(Seoul = Yonhap News) Reporter Chae Sae-rom = LG Energy Solutions is predicting an all-time success in general subscription as it recorded more than 1.5 trillion won in institutional demand forecasting.

Investors are paying attention as the number of new accounts opened by the brokerage firm, which is the organizer, has already increased two to three times compared to last year.

If you are an investor preparing for a subscription, it is good to check the subscription competition rate by the deadline and calculate which brokerage company will be advantageous to participate.

◇ All-time great box office forecast… Organizer account openings increased 2 to 3 times compared to the previous year

According to the financial investment industry on the 16th, LG Energy Solutions will start the general subscription from the 18th to the 19th of this month.

Individual investors can subscribe through seven securities companies, including KB Securities, which is the lead organizer, Daishin Securities and Shinhan Financial Investment, which are co-hosts, and Mirae Asset Securities, Hana Financial Investment, Shinyoung Securities, and Hi Investment & Securities, which are participating as acquisition companies.

Recently, the number of new accounts opened at these securities companies has increased significantly compared to last year.

KB Securities, the leading organizer, saw a 195.48% increase in the number of new accounts opened from the 1st to the 10th of this month compared to the same period last year. Daishin Securities[003540]Until the 13th of this month, it increased 332.75% from the same period a year ago, and Shinhan Investment Corp. increased by 91.04%.

Shinyoung Securities, which has relatively few customers, has more than 10 times the number of new accounts from December last year to the same period last year.

An official from a securities company said, “If you were an investor who invested in public offering stocks last year or last year, many of them already have various accounts, but the number of new openings is significantly increasing.” said.

As LG Energy Solution announced its all-time demand forecasting results on the 14th, it is predicted that the subscription margin record is highly likely to exceed SKIET (81 trillion won), which is the existing No.

As a result of LG Energy Solutions’ demand forecasting for institutional investors from the 11th to the 12th, the competition ratio was 2,23 to 1, the highest in the history of IPO demand forecasting in the stock market.

The total order size is KRW 1.5203 ​​trillion. This is also the first time for the order size in light units. The offering price was set at 300,000 won.

◇ If you put 1.5 million won in the subscription margin, you will get 2 weeks… The bidding strategy

LG Energy Solutions allocates 1625 to 12.75 million shares, or 25 to 30% of the total, to general subscribers out of 42.5 million shares in the total public offering.

50% of the number of stocks offered for general subscription will be allocated in an equal way by distributing the same amount to all investors, and 50% will be allocated in a proportional way according to the number of stocks subscribed and the margin.

Assuming that 25% of the total public offering shares are allocated to general subscribers, the number of shares distributed in an equal way is approximately 5.3 million shares. That’s two weeks.

Kakao Bank, the largest number of subscriptions since duplicate subscriptions were banned[323410]The number of subscriptions was about 1.86 million. Even if the number of subscriptions exceeds this by 2.5 million, the stock market expects to be able to secure it for about two weeks. The margin for the subscription is 150 million won.

However, it seems that a ‘fight of eyes’ for the selection of a securities company is inevitable.

In the securities industry, it is analyzed that the equalization method may be advantageous for Shinyoung Securities and Hi Investment Securities, which have relatively few accounts, and KB Securities, which has a large volume of the proportional method, generally have an advantage.

By securities company, KB Securities had the largest share with 4,869,792 shares, while Daishin Securities and Shinhan Investment Corp. each had 2434,896 shares. Mirae Asset Securities, Hana Financial Investment, Shinyoung Securities, and Hi Investment & Securities have a relatively small volume of 221,354 shares.

An official from a securities company said, “Investors who subscribe to public offering stocks are more likely to have multiple accounts, and because subscriptions are made intensively on the last day, it is better to fight until the deadline and subscribe to the place with the lowest competition.”

It should also be noted that Daishin Securities, Shinyoung Securities, and Hi Investment & Securities, among the seven securities companies, must open an account by the 17th, the day before the subscription. KB Securities, Shinhan Financial Investment, Mirae Asset Securities, and Hana Financial Investment can participate in subscription even if an account is opened on the day of subscription.

LG Energy Solution will be listed on the stock market on the 27th after completing the general subscription.

Although LG Energy Solution’s market capitalization based on the IPO price is around 70 trillion won, there are also evaluations that the appropriate market cap is more than 100 trillion won in the securities market. This means there is room for upside even after listing.

In addition, as there is a high possibility of early incorporation into major indices such as Financial Times Stock Exchange (FTSE), Morgan Stanley Capital International (MSCI), and KOSPI 200, demand for passive funds (funds that follow the index) is expected to increase, resulting in high short-term upward pressure. this prevails

srchae@yna.co.kr

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