South Korea's IPO passion fuels warnings of naivete and bubbles


Source: nikkei.com nikkei.com

Key Topics in this News Article:

News Snapshot:

Experts say South Korean small investors need to accept that IPO stock prices do not always go up. © EPA/Yonhap/Jiji KIM JAEWON, Nikkei staff writer May 17, 2021 06:00 JST | South Korea Copy Copied SEOUL -- A South Korean retail investor bought 20 shares of SK IE Technology at the company's initial public offering price of 105,000 won per share in late April, then sold half of them on the first trading day to score an 85.7% windfall. But that wasn't enough. "I know it's enormous, but it's less than I expected," the punter wrote dejectedly in a blog...