LG CNS General Public Offering Subscription Attracts 21 Trillion Won

Recorded a Competition Rate of 122.9 to 1

LG CNS raised 21 trillion won through a public offering subscription targeting general investors.

According to the financial investment industry on the 22nd, the average subscription competition rate over the two days of the public offering subscription starting the previous day was 122.91 to 1, and the total deposit amount was 21.1441 trillion won.

A total of 683,171,110 subscription applications were made for the 5,557,414 shares allocated to general investors.

Earlier, during the demand forecast conducted from the 9th to the 15th, a total of 2,059 domestic and foreign institutions participated, recording a competition rate of 114 to 1.

LG CNS finalized the public offering price at the top end of the desired price range, 61,900 won. The expected market capitalization after listing is approximately 6 trillion won.

LG CNS will complete payment on the 24th and will be listed on the KOSPI market on the 5th of next month.

The lead underwriters for the listing are KB Securities, Bank of America (BoA), and Morgan Stanley, while the joint underwriters are Mirae Asset Securities, Daishin Securities, Shinhan Investment Corp., and JP Morgan.