IPOs & IPO Shares

How is the offer price determined?

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Under Korea Financial Investment Association regulations, the offer price is set by one of the following methods: (1) a single price agreed between the underwriter and the issuer; (2) a price agreed taking into account the results of book-building among institutional investors; or (3) and (4) auction (bidding) methods for institutional investors.

When the price is set through book-building, the lead managing underwriter must establish and follow internal standards on the pricing method and procedure, and if it sets the price differently, it must document the reasons.

Source: Korea Financial Investment Association (KOFIA) Regulations on Securities Underwriting, etc., Chapter 2 Underwriting of Shares (Articles 3 to 9)
Last updated: 2026-10-14

This answer is general financial information as of 2026-10-14, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.