The public subscription for Creates shares targeting general investors has closed. With the subscription process concluded, investor attention is now shifting to the final competition ratio, expected share allocation, and the upcoming listing schedule.

■ Subscription Results at a Glance... Equal Allocation 8.74 Shares, Proportional Allocation 12.84 to 1

Creates conducted its general subscription for two days, from the 20th to the 21st. The total number of subscriptions for this offering was tallied at 20,028. The estimated equal allocation quantity was 8.74 shares, and the proportional allocation competition ratio was recorded at 12.84 to 1.

■ Allocation Methods Differ as Follows

Equal allocation is a method that distributes the allotted shares as evenly as possible among investors who meet the minimum subscription requirements. The estimated number of allocated shares varies depending on the number of accounts participating in the subscription, and in cases of fierce competition, allocation may be determined by lottery.

Proportional allocation is a structure in which the allocated quantity varies according to the number of shares an investor applied for and the size of the subscription deposit paid. The higher the competition ratio, the fewer shares an investor may actually secure even when subscribing with the same amount of money.

Accordingly, the final allocation results are expected to differ by investor depending on the subscription method and the quantity requested. In particular, the estimated equal allocation quantity may change during the actual allocation process, so investors need to confirm the final results.

■ Final Offer Price Set at Bottom of 15,000 Won Range... Institutional Demand Forecast 240.46 to 1

Creates' final offer price was set at 15,000 won, determined at the bottom of the hoped-for price range (15,000 to 18,000 won). The subscription was conducted through Samsung Securities, and the earlier demand forecast for institutional investors recorded a competition ratio of 240.46 to 1. The total number of shares offered is 1.4 million, of which 350,000 shares are allocated to general investors.

■ What Kind of Company Is Creates?... Developer of Golf Equipment and Software

According to its regulatory filing, Creates designs, manufactures, and sells golf launch monitors utilizing ultra-high-speed image processing technology, and develops simulator software for golf practice and games as well as artificial intelligence (AI)-based swing analysis software. The company also handles data collection equipment for golf swings, such as cameras that film swing motions and ground reaction force measurement sensors, and operates directly managed and partner indoor golf practice range businesses.

■ Refunds on the 23rd... KOSDAQ Listing on the 30th

Having completed its subscription, Creates will now go through subsequent procedures such as share allocation and refunds. The scheduled refund date is the 23rd, and the scheduled KOSDAQ listing date is the 30th. Investors are expected to watch the final allocation results and the stock's performance after listing.

[This article is by no means an investment solicitation. The content may merely reflect opinions, so please do not use it as a reference or material for investment. All investments are made at the discretion of each individual, and the final responsibility lies with the investor. This publication assumes no responsibility whatsoever.]