![]() 2, jacking up the competition rate to a record-high 1,546 to 1. Investors that failed to get the number of shares they placed requests for had their money returned to their accounts.Īccording to the financial investment industry, over 417,000 people sought the subscription, Sept. ![]() Only one share was given to people that deposited 10.8 million won or more and about ten percent of the total, or 40,000 people, did not receive a single share. The offered price was 24,000 won per share. The much-hyped subscription to win a share of Kakao Games, a mobile game and software developer subsidiary of Kakao Corp., has disappointed many retail investors, as only about 2 percent of those that put in at least 1 billion won ($840,000) received around 50 shares whose current value stands at only around 1.2 million won.
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