Subscription Deposit for Public Offering Stocks, WantedLab > Krafton

[Asia Economy Reporter Kim Heung-soon] WantedLab, a recruitment platform company, announced on the 3rd that the general public subscription competition rate held on the 2nd and 3rd was recorded at 1,731 to 1. The subscription deposit amounted to 5.5291 trillion KRW. This exceeds the deposit of 5.0358 trillion KRW for the "mega" IPO Krafton, which received subscriptions during the same period.

Based on WantedLab's public offering price, the public offering amount is 25.6 billion KRW, and the market capitalization is 164.6 billion KRW. This is about 0.6% of Krafton's public offering amount (4.3098 trillion KRW) and expected market capitalization (24.3512 trillion KRW).

Founded in 2015, WantedLab is a recruitment platform company providing AI-based recruitment services. The public offering price is 35,000 KRW. It will be listed on the KOSDAQ market on the 11th.

Lee Bok-gi, CEO of WantedLab, said, "We will use the public offering funds to secure talent and strengthen competitiveness within the industry to grow into a company recognized in the global market."