Next month, 34 domestic listed companies will see the lockup on 99.32 million shares lifted. Approximately 93% of the total shares being released are concentrated in the KOSDAQ market.
According to the Korea Securities Depository on September 30, a total of 34 companies will have their lockup registration lifted in October, amounting to 99.32 million shares. Of this total, one company in the KOSPI market will account for 7.02 million shares, while 33 companies in the KOSDAQ market will account for 92.30 million shares.
The lockup registration is a system that restricts the sale of shares held by major shareholders for a certain period to protect general investors. Among the shares scheduled for release in October, 35.51 million are subject to lockup under the 'Regulations on the Issuance and Disclosure of Securities,' while 63.81 million are under the 'KOSDAQ Listing Regulations.'
In the KOSPI market, HJ Heavy Industries will have 7,021,063 shares released from lockup on the 28th, which represents 8% of the total issued shares as of the reporting date.
In the KOSDAQ market, shares will be released sequentially starting October 1, with License Medical releasing 78,629 shares and Mad Up releasing 1,898,200 shares. Sky Labs will have 4,347,203 shares and IMT will have 2,859,381 shares released.
Later in the month, several larger releases are also expected. Kakao Games will have 692,474 shares, Pia will have 6,307,215 shares, and Jeil M&S will have 7,067,480 shares released from lockup. Notably, the release from Pia will account for 62% of its total issued shares, while Jeil M&S will account for 34%. Chae Bi will have the largest release in the KOSDAQ market with 15,313,800 shares.
The Korea Securities Depository stated, "This count is based on shares under lockup registration and does not include shares subject to voluntary holding commitments or lockup commitments during the IPO process."
* This article has been translated by AI.
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