South Korea plans cornerstone lockups for IPO investors
In short
South Korea’s top financial regulator plans to add lockup rules for cornerstone investors in IPOs. The move is meant to reduce sharp share-price drops after companies list.
What the reporting says
South Korea’s top financial regulator will introduce a system for cornerstone investors in initial public offerings to curb sharp post-listing price drops.
Why it matters
South Korea’s top financial regulator is reported to be preparing a cornerstone-investor lockup system for initial public offerings. The goal is to curb sharp selloffs after listings. The likely impact is on IPO pricing behavior and post-listing trading in South Korea.