How are IPO shares divided among KOSDAQ venture funds?

Under Korea Financial Investment Association regulations, when allocating the share reserved for venture company investment trusts, if funds bid at or above the offer price in book-building and made the same lock-up commitment period, shares are allocated in proportion to each fund's net assets, or after applying weights of 110% for public funds and 100% for private funds.

In addition, the amount allocated to a single fund may not exceed 10% of that fund's total assets. So even with a priority allocation, the more funds participate, the smaller each fund's allocation may be.