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SK IE Technology draws record-high IPO subscriptions Updated: 2021-04-30 13:51:51 KST

Another record-breaking IPO ahead in the Korean market.
The company SK IE Technology, which makes materials for batteries, has drawn just over 80 trillion won in deposits from investors hoping to get shares when it hits the KOSPI next month.
That's around 73 billion dollars.
The previous record was set last month by SK Bioscience, which got around 56 billion dollars.
Many would-be investors, though, won't get a single share because the competition rate is 288 to one.
SK IE Technology has set its IPO price at 105-thousand won for its debut on May 11th.
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