In today’s briefing:
- Korea’s Latest IPO Rule Change: Daily Differential Allocation
Korea’s Latest IPO Rule Change: Daily Differential Allocation
- Korea FSS has provided guidelines to assign different weights to IPO orders from Day 1 to Day 5. Bookrunners should give higher weights to institutions that place their orders early.
- The question of whether this will deter the rush to place bulk orders close to the deadline and lead to a higher weighting of essential pricing is generating significant interest.
- The volume of orders and allocation by price range could serve as practical clues for assessing post-IPO pricing, making it a crucial factor in formulating post-IPO trading strategies.
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