[Asia Economy Reporter Lee Jung-yoon] During the subscription period for LG Energy Solution's public offering on the 17th and 18th, nearly 43 trillion won of funds around the stock market decreased.
According to the Korea Financial Investment Association on the 20th, the investor deposit balance, which is the standby fund in the stock market, was recorded at 54.02 trillion won on the second day of LG Energy Solution's subscription, the 19th. Compared to 74.2589 trillion won on the 17th, the day before the subscription, it decreased by 20.2389 trillion won in just two trading days.
Also, the scale of investor deposit balance recorded the lowest level in 1 year and 3 months since October 16, 2020, when it was 54.0095 trillion won. The balance of securities firms' comprehensive asset management accounts (CMA), which can be used to purchase financial products, also decreased by 22.7426 trillion won from 68.4592 trillion won on the 17th to 45.7165 trillion won on the 19th.
The total amount decreased by combining the investor deposit balance and CMA balance during the LG Energy Solution subscription period reached 42.9815 trillion won. Both the investor deposit balance and CMA balance had maintained around 60 trillion won since the beginning of the year, so such a decrease within two days is unusual.
The LG Energy Solution public offering attracted the largest number of general investors ever, pouring in the largest scale of subscription deposits. The subscription deposits gathered at securities firms were recorded as approximately 114.1 trillion won, the largest in the history of domestic initial public offerings (IPO). The number of subscription cases (about 4.424 million) also broke the record for the most since the ban on duplicate subscriptions.
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