In today’s briefing:
- LG Energy Allocation Results: Immediate Float Confirmed at 8.8%
- LG Energy Solution: Confirmed Allocations, Float, & Lock-Up Periods
- Luckin Coffee Relisting: Could Be Another Attempt to Deceive Investors
- Hyundai Eng Listing Date Confirmed as Feb 15: Passive Flow Schedule, Incl. Local Sector ETFs
LG Energy Allocation Results: Immediate Float Confirmed at 8.8%
- Foreign institutions received 60% of the total institutional allocation. They only accounted for 0.58% of the orders applied. Many of these are large foreign institutions with long-term holding tendencies.
- The fact that they rarely make lockup pledges due to internal policies is in line with LG Energy’s need for an immediate float rate of 10% while having long-term investors.
- As a result, the nominal float rate is 8.85%. quite exquisite results as it is just enough to satisfy KOSPI 200’s 10% minimum float rate rule.
LG Energy Solution: Confirmed Allocations, Float, & Lock-Up Periods
- LG Energy Solution provided the confirmed IPO allocations and lock-up periods for institutional investors today.
- The final tally for the locked-up shares is 13.6 million shares, representing 58.3% of total shares allocated for the institutional investors.
- The immediate free float on the first day of trading will be 20.7 million shares (8.9% of total outstanding shares).
Luckin Coffee Relisting: Could Be Another Attempt to Deceive Investors
- Following an improvement in the financial performance, The FT reported that Luckin Coffee (LKNCY US) is plotting to relist its shares in the US sometime this year.
- Although financials have improved, relisting seems a bit premature, especially since Luckin is still not a completely clean house.
- This relisting feels a bit like another attempt by the ex-chairman to deceive minority investors to get the best possible exit price.
Hyundai Eng Listing Date Confirmed as Feb 15: Passive Flow Schedule, Incl. Local Sector ETFs
- The listing date of Hyundai Engineering has been confirmed as February 15 (Tuesday).
- As a result, we can expect the passive flow schedule as specified in the below DETAIL section.
- The indexes creating a significant level of passive flow for Hyundai Engineering are as follows: KOSPI 200, MSCI Standard, FTSE AW, KRX Construction, KOSPI 200 Construction, and FnGuide Hydrogen Economy.
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