Investors Ignore 'Krafton', Platier Receives Love Calls... Subscription Deposits Reach 6.2 Trillion Won

[Asia Economy Reporter Lee Seon-ae] Digital platform company Platier announced on the 5th that the general public subscription competition rate for its initial public offering (IPO), held on the 4th and 5th, recorded 2,498.8 to 1, ranking sixth highest ever.

The deposit amount reached 6.1846 trillion KRW. The number of subscription entries was approximately 460,000. The deposit amount, number of subscriptions, and subscription competition rate all surpassed those of Krafton, a "mega IPO" that held subscriptions on the 2nd and 3rd (5.0358 trillion KRW, 296,539 entries, 7.79 to 1).

Following WantedLab, which held subscriptions on the same day as Krafton but failed to attract strong interest, the subscription success of small and mid-sized IPOs continues.

Platier's public offering price is 11,000 KRW, with a market capitalization based on the offering price of 91 billion KRW. Founded in 2005, Platier is a company that builds platforms related to e-commerce and digital business transformation and provides consulting services. After completing the general subscription, Platier will be listed on the KOSDAQ market on the 12th.

Lee Sang-hoon, CEO of Platier, said, "We will leap forward as a global digital platform solution company through the launch of solutions based on Platier's core technology and the expansion of our client base."