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

Official Changes in Korea FSC's Dividend Rules: Ramifications from a Trading Perspective

Dividend Record Date Changes Already in Progress in Korea: Trading Ramifications

Korea FSC: Major Changes in Foreign Investor Registration & IPO Pricing

Korea Finally Gaining Developed Market Status from MSCI? FKI Sent a Request to MSCI

MSCI Korea Index: Trade Approach on Highly Probable Names

Clepsydra Capital

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

Equity Capital Markets

<ul>
<li>Extending bookbuilding period to seven days (and test-the-waters) is unlikely to make any real difference. Leaving the financial capacity check to underwriters will likely cause sharp confusion in the market.</li>
<li>The purpose of penalizing so-called hot money, like flippers and non-pricing institutions, is understandable. However, whether FSC has fully considered the side effects caused by uniformly applying this is questionable.</li>
<li>Expanding the allowable price range on a listing day is the most crucial point we should pay attention to, and we must design a post-IPO trading strategy accordingly.</li>
</ul>


Extending bookbuilding period to seven days (and test-the-waters) is unlikely to make any real difference. Leaving the financial capacity check to underwriters will likely cause sharp confusion in the market.
The purpose of penalizing so-called hot money, like flippers and non-pricing institutions, is understandable. However, whether FSC has fully considered the side effects caused by uniformly applying this is questionable.
Expanding the allowable price range on a listing day is the most crucial point we should pay attention to, and we must design a post-IPO trading strategy accordingly.


Korea FSC's Official Rule Changes for Local IPOs & Key Takeaways

Kurly Inc

Korea FSC's Official Rule Changes for Local IPOs & Key Takeaways