Below are the recent major Korean IPOs. SD Biosensor, Krafton, and Hyundai Heavy Industries exceed the full market cap threshold for this IR. But Hyundai Heavy Industries fails to meet the minimum trading period of 3 months based on the effective date (December 1).
Recent major IPOs
SD Biosensor Inc
HK Inno.N Corp
Lotte Rental Co Ltd
Ajusteel Co Ltd
Iljin HySolus Co Ltd
Hyundai Heavy Industries Co Ltd
Source: KRX & DART
Among the top-cap stocks in the Korea Small Cap Index, only L&F and F&F meet the full market cap threshold based on the current share prices.
Then, we have Kakao Games, which was again dropped in the final step in the previous IR. This is because MSCI kept lowering the float rate of Kakao Games to an illogical level in the last IR. Currently, Kakao Games’ full market cap meets the requirement. So, again, the key is whether MSCI raises the float rate to 45%, the actual level.