Cash-rich South Korean retail investors rush to IPOs triggering warnings of a bubble

Cash-rich South Korean retail investors rush to IPOs triggering warnings of a bubble

REUTERS/Kim Kyung-Hoon

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.

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