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[Alpha Biz=(Chicago) Reporter Kim Jisun] Netmarble has launched a block deal to sell 2.5 million shares of HYBE. If the entire sale is successful, the company will have about 568.8 billion won.
According to the investment banking (IB) industry on the 7th, Netmarble conducted a demand forecast for domestic and foreign institutional investors to sell 2.5 million shares (6%) of HYBE shares held after the end of the market on the 6th. The discount rate is seven to nine percent. Considering that Hive's closing price was 227,500 won on the same day, Netmarble will be able to secure up to 568.8 billion won in funds if the sale is completed.
Netmarble had 7,538,813 HYBE shares (18.1%) as of the first half of this year, making it the second-largest shareholder after its founder, Chairman Bang Si-hyuk. Even after the block deal, it is expected to retain its position as a single second largest shareholder with a stake of about 12.1%.
If the block deal succeeds in selling, Netmarble's stake is expected to decrease to 12.07%. The lock-up period for the remaining shares is 90 days.
HYBE shares rose steadily to 300,000 won in June after falling to 107,000 won per share in October last year. Since then, it has fluctuated around 200,000 won.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
