Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Krafton and Mirae Asset Are Playing a Fairly Risky Game

FSS's Position on Krafton IPO & The Mood of Foreign Investors Revealed by Mirae Asset

Krafton IPO Offering Price/​Size Adjustment & Valuation Re-Review

Krafton's Strategic Intention Behind High Offering Price & FSS Correction Request Possibility

Krafton's Biggest Lie About Tencent Relationship & Regulation Risk in China

Several Controversial Issues About Krafton IPO Valuation

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

<p>In the end, the Financial Supervisory Service requested Krafton to submit a correction report.</p><p>The Financial Supervisory Service concluded that Krafton's securities declaration (IPO prospectus) submitted on June 16 through public disclosure could hinder investors' rational investment judgment or cause serious misunderstandings due to unclear material content.</p><p><strong>As a result, Krafton's current securities declaration is suspended.</strong></p><p><strong>In addition, Krafton must submit a correction report within three months from the receipt of the request for correction.</strong></p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/215/365/original/Screen+Shot+2021-06-25+at+12.22.18+PM.png?1624638338" class="editor-image img-responsive" data-smartkarma-image-id="215365"></figure><p>Krafton also confirmed through a regulatory filing that it had received a request for correction from the Financial Supervisory Service and said that <strong>the reason was the insufficient description of important matters</strong>.</p>
<section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/215/366/original/Screen+Shot+2021-06-25+at+12.27.56+PM.png?1624638510" class="editor-image img-responsive" data-smartkarma-image-id="215366"></figure></section></section>

In the end, the Financial Supervisory Service requested Krafton to submit a correction report.The Financial Supervisory Service concluded that Krafton's securities declaration (IPO prospectus) submitted on June 16 through public disclosure could hinder investors' rational investment judgment or cause serious misunderstandings due to unclear material content.As a result, Krafton's current securities declaration is suspended.In addition, Krafton must submit a correction report within three months from the receipt of the request for correction.Krafton also confirmed through a regulatory filing that it had received a request for correction from the Financial Supervisory Service and said that the reason was the insufficient description of important matters.


FSS Requested Krafton to Revise the Offering Price: Background & Impact