Yuanta Securities "Resumption of US IPO Subscription Agency Service Previously 'Suspended'"

[Asia Economy Reporter Minji Lee] Yuanta Securities announced on the 5th that it will resume the "U.S. IPO Subscription Agency Service," which was temporarily suspended after its launch.

The service has been improved by clearly reflecting important information to be noted when using the service, provided in guidance documents to help domestic investors better understand. Customer service will resume starting with new U.S. IPO subscription agency cases conducted from October.

Launched in August as the industry's first U.S. IPO subscription agency service, this service allows investors to participate directly in U.S. IPO subscriptions by having Yuanta Securities handle subscription-related tasks through a local IPO brokerage company partnered with Yuanta. Eligible stocks are those scheduled to be listed on major U.S. exchanges and for which allocation is possible through the partnered brokerage company. The allocation of IPO shares is distributed according to the brokerage company's proprietary logic.

Yuanta Securities is also conducting an event for customers participating in the subscription. All customers who participate in subscriptions of $100 or more during the event period will receive 10,000 KRW in Naver Pay, and participation is automatic without a separate application.

Jinho Jeon, Head of the Digital Solutions Division, said, "As this is the industry's first service of its kind, there were areas that needed improvement during the initial introduction, but through addressing these, we are now able to provide a more stable service. Although the domestic and international stock market environment has become challenging, we hope investors expand their interest to the U.S. stock IPO market and utilize it as a new investment avenue."

To use the U.S. IPO subscription agency service, registration of a dedicated subscription account is required, and only entrusted accounts that have completed overseas stock trading applications can be registered as dedicated accounts. The subscription agency deposit is 101% of the application amount, and the agency fee is 0.5% of the allocated amount. Service use and dedicated account registration are available through T-Rader M (MTS), and brokerage application hours are from 10:00 to 17:00.