Newly Listed Stocks
A newly listed stock.
An absurd community.
Just hearing about it, nothing made sense.
Click. Clack.
So she decided to try it herself.
The moment she hit Join Café, things became a little clearer.
Identity verification / Female / Born between 1976 and 1998
Membership conditions must match to join. Yes or No
Women only, huh……. It really is a female-dominated community.
That was why her senior had thrown himself into PC activism, too.
With a few special exceptions, only women could join.
.
.
.
Honestly, she was curious.
Sora didn't really know how ordinary women thought.
At university I get along with everyone thanks to Hye-ri, but.
Before university, that hadn't been the case.
Every year there had been girls in her class who found her unpleasant.
Studying all the time had been half by force, too.
If she so much as mixed words with a boy, someone would pick a fight.
She swallowed hard.
Her senior had called it a toxic community.
But maybe women had their own circumstances.
Just like the Korea Stock Gallery.
At first they'd seemed like lunatics, but once she got used to it, it had been fun.
Twenty-two and ten guys? Dating like that……, so they're not doing it seriously.
She skimmed mainly the posts that caught her interest.
Some of them actually answered her curiosity.
Others only piled more of it on.
1. Mid-tier uni grad, 31
Face: average / Height: 176 / Assets: 1 billion won
2. SKY uni med student, 27
Face: upper / Height: 178 / Assets: under 200 million lol
3. Attending a top US university, 22
Face: average / Height: 183 / Assets: none T_T
4. Sogang/Sungkyunkwan/Hanyang grad, 28
Face: upper / Height: 173 / Assets: 700 million won
All four have well-off parents, and number 4's are the richest!
Who's the best???
Their dating pool was the kind of men who only showed up in dramas.
Well, my senior's got three billion himself.
She wasn't in any position to judge other people's business.
Sora decided to try a few higher-difficulty posts as well.
Fifteen centimeters? That's big? That doesn't even look like a full handspan.
There were raunchy stories, too.
The old Sora would have recoiled, but she'd had something close to firsthand experience recently.
She swallowed hard.
A rough memory still lingered.
Even stretching from thumb to pinky, there had seemed to be a few centimeters of spare length left over.
It definitely felt like putting that in would be a disaster. Which is exactly why you're not supposed to put it in, you bastard.
With nothing to compare it to, all she could do was guess.
And the more she guessed, the more she found herself clicking the next post without thinking.
Dirty talk from a woman's point of view, for the first time in her life.
No—there were even concrete photos uploaded.
Male actor whose precious leaked mid-sex-scene shoot, what is this? Oh, ohhh…….
Sora's curiosity detonated.
IPO stock.
.
.
.
A stock making its market debut.
It moved on a different pattern from existing equities.
Info post) New listings are guaranteed to rise early on ^^
Plenty of cute retail investors subscribe to the IPO and dump it right away lmao
Institutions have to hold for six months because of lock-up
You think institutions are gonna sit there watching their own stock fall?
They force it above the offering price no matter what, that's what I'm saying~
Unnie's telling you this much, so don't sell and regret it!
Knowing that—or not—was what mattered.
The posts flooding the discussion board looked plausible enough.
They're shitting pure nonsense.
Most IPO stocks did run well right after listing.
Because of lock-up, they became "scarcity stocks."
A system that put a time limit on selling so you couldn't dump immediately.
It applied to institutions and employees who'd bought company shares.
15 days: 30.31%
1 month: 5.72%
3 months: 0%
6 months: 0%
No commitment: 63.97%
There was a small trap in that.
Institutions could adjust their commitment periods.
There are a lot of special rules like that.
It showed up if you checked the securities issuance performance report on the electronic disclosure system.
The more granular periods.
Sure enough, most of it was uncommitted.
Meaning they could sell on listing day itself.
While the retail crowd was busy dreaming.
It had been more or less foreseeable.
The competition ratio is low.
That meant institutional participation was weak.
An indirect read on how the market valued this company.
The moment the session opened, they would slam it.
And the environment for doing exactly that had already been prepared.
Because they engineer a bubble onto it on listing day.
That convention existed.
A fact ordinary retail investors had no way of knowing.
Existing shareholders.
The Korea Exchange extracted "voluntary" lock-ups from people who'd bought shares before the listing.
Once that was done, only two parties remained.
Only the retail who'd subscribed to the IPO and the institutions could sell this stock.
Welcome to Gambler's Rift!
If retail and institutions fought, who held the advantage.
Spending more than two seconds on that question was a waste of time.
If you don't understand the mechanics of IPOs, you sit there half excited, half hopeful—and get smacked in the back of the head.
The reason individual investors were bound to lose money.
The market system was a tilted playing field.
But he knew that.
And he smacked them right back.
He dumped a massive sell order straight into the fake green candle the institutions had painted.
I'm not just retail anymore—I'm a retail investor sitting on three billion.
He could at least pull off an institutional impression.
A fifteen-to-one subscription competition ratio.
Margin requirement: fifty percent.
He'd put in six billion and been allocated four hundred million won worth.
Holding that much of a company that had just listed.
It's enough to move the market flow.
He became a Super Retail who ate institutions for lunch.
It was the kind of thing that made for decent pocket money.
Uncommitted recommendation, huh. Our IR department does good work, I'll give them that.
Trading department.
Deputy Manager Yoo Do-hyeon was rereading the report that had come up from IR.
It had gone exactly as written.
Sure enough, the other institutions had mostly subscribed without commitment, too.
.
.
.
Only the retail investors still hadn't come to their senses.
They were burning through hopium circuits, certain the stock would rise.
Should I play along a little?
The discussion board.
One of the few places retail could actually get information.
He posted something encouraging.
Retail who'd been given hope would never cut their losses.
"What are you doing?"
"Discussion board."
"You're seriously evil, you know that."
"The sucker who believes it is the idiot. In this stock market."
The coworker watching him.
The corner of his mouth couldn't help but twitch up.
New listings always go up, they say. As if.
It depended on the stock.
With a bad company, institutions wanted to dump it fast, too.
That had been the conclusion in the meeting as well.
Knowing all that and still luring the retail in.
Welcome to Gambler's Rift!
He wasn't in any position to talk, either.
He was one of the employees assigned to dispose of 09Lady.
Same playbook as always, I suppose.
Build a bubble on the opening call auction.
With a newly listed stock, free float was nonexistent, so that was easy.
Is it a good stock?
They piled in without knowing a thing.
From that point, you fed them inventory little by little.
Then slammed a massive sell and cleaned out—done.
It should have been the usual decent pocket money.
The buy wall he'd put up as support.
The moment the session opened, it collapsed.
It could have been another institution, or foreigners—
No, this is just bad market manners!
There was an unspoken agreement.
You disposed slowly, so the frog boiled in the pot.
The institutions' goals were aligned.
And someone had stomped the emergency brake alone?
"This is retail work."
"Existing shareholder?"
"Has to be……. Looks like they're holding over ten thousand shares."
The Korea Exchange sweet-talked the existing shareholders into lock-ups.
But every so often, some bastard went rogue.
Because of that, the whole thing had gone to hell.
The second it turned into a game of chicken, everyone tried to sell.
It's fine. Situations like this happen.
It wasn't his first time.
As an institutional trader, he'd been through land battles, sea battles, and air battles alike.
He built a buy wall.
Once the selling pressure cooled, the institutions would come to their senses.
Nobody had betrayed anyone.
You just started boiling the water slowly again from the beginning.
You people end up moving the way we want you to, eventually.
There was more than one way to fleece retail.