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

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Clepsydra Capital

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

Equity Capital Markets

Hyundai Oilbank Co Ltd / Equity Capital Markets

<ul>
<li>Except for SOCAR, most major ones will be in the fourth quarter, so local IPO funds' lock-up/pricing strategy should inevitably be intense to adjust the fund flow schedule.</li>
<li>Probably, local institutional investors' SOCAR lock-up will be mostly one month. Or even we should expect some of them to skip SOCAR altogether to focus on Hyundai Oilbank.</li>
<li>Among those not yet applied for a preliminary review, the local street still expects Oasis Market, CJ Olive Young, and Kakao Mobility to complete their listing this year.</li>
</ul>


Except for SOCAR, most major ones will be in the fourth quarter, so local IPO funds' lock-up/pricing strategy should inevitably be intense to adjust the fund flow schedule.
Probably, local institutional investors' SOCAR lock-up will be mostly one month. Or even we should expect some of them to skip SOCAR altogether to focus on Hyundai Oilbank.
Among those not yet applied for a preliminary review, the local street still expects Oasis Market, CJ Olive Young, and Kakao Mobility to complete their listing this year.


Korea IPOs for 2022: 1H Review & 2H Schedules for Flow Clash Risk