Бизнес••NEXORA Editorial•edaily.co.kr
Daishin Securities to Pay Interest on IPO Subscription Deposits
Summary
Daishin Securities will pay interest on funds deposited as collateral for initial public offering subscriptions. The move departs from the practice of keeping substantial IPO subscription funds interest-free during the offering process.
Details
Daishin Securities is introducing interest payments on collateral deposits made by investors when subscribing to shares in an initial public offering (IPO).
Based on the available information, this is the first such move to challenge the existing practice under which funds collected during IPO subscriptions do not generate returns for investors.
IPO subscriptions can temporarily tie up trillions of won in collateral deposits. Under its new approach, Daishin Securities plans to pay interest on those funds.
No details were provided on the interest rate, the conditions for accrual, or when the new practice will take effect.
NEXORA AI — Why it matters
The move could change how investors are compensated while their funds are held during IPO subscription procedures.
NEXORA PRO
Unlock detailed analysis, key facts, context, story developments, source comparisons, a personalized feed and smart alerts.
Explore NEXORA PRO