As the IPO market is growing, more and more investors are turning to unlisted stocks instead of the fiercely competitive public offering stock market. In keeping with this atmosphere, several platforms have appeared in the private sector to buy and sell unlisted stocks at home and abroad.
Stock investment. Shutterstock
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“Let’s invest before IPO”… Faster ants
– According to the Financial Investment Association (hereinafter referred to as Gold Investment Association) on the 5th, the weighted share price average of K-OTC, an unlisted stock trading platform operated by Gold Investment Association, has risen significantly this year. The weighted share price average, which was 4503 won at the end of last year, is 5008 won as of the day. The weighted stock price average is a figure obtained by dividing the market capitalization by the number of shares of K-OTC designated companies. As the weighted stock price average rises, it is interpreted as an increase in trading volume.
In April of last year, private platforms specializing in unlisted stock trading such as’Securities Plus unlisted (hereinafter referred to as Securities Plus)’ and’Seoul Exchange unlisted (hereinafter referred to as Seoul Exchange)’ appeared. In the past, there was an online community where unlisted stocks were traded, such as 38 Communications, but there was no system to filter out false sales or prevent the risk of fraud, so it was only a link between sellers and buyers.
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Seoul Exchange website
– Securities Plus and Seoul Exchange are one of the places that opened the way to reduce these risks and trade safely. In this platform, when a buyer deposits money, shares in the seller’s brokerage account are transferred to the buyer’s brokerage account. Since the brokerage company is in the middle of the transaction, there is no need for direct contact between the seller and the buyer, and there is no need to worry about personal information leakage.
Looking at the characteristics of each platform, Securities Plus has a large number of stocks. It handles a total of 4,000 unlisted stocks. Although the number of trading items on the Seoul Exchange is relatively small at about 100, it also handles stocks of issuers of non-uniform stocks (stocks that cannot be consigned between securities accounts) such as online mart’Market Kurly’ and e-book company’Leddy’.
Joint purchase of Musk’s’Space X’
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In May of last year, the reusable space launch vehicle’Falcon 9’developed by US SpaceX was launched. yunhap news
– U.S. unlisted stocks can also be bought jointly in the form of a combination. Blockchain research company’Fair Square Lab’ launched’Twig’, an unlisted stock trading platform, on the 5th. Twig is a platform that enables individuals to easily jointly purchase unlisted stocks of famous overseas unicorn companies. Currently, investment deals in’Space X’, a private space exploration company led by Elon Musk Tesla’s CEO, and’Grap’, which is called Uber in Southeast Asia, are in progress.
Foreign start-up stocks have a higher minimum investment than domestic start-ups, making it difficult for individual investors to enter. To lower the barrier to entry, Twig gathers investors to form a civil union and invests in the company under the name of the union. Individual investors share the shares of the cooperative investing in the company, not the company stock. It is a kind of indirect investment.
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Homepage of’Twig’, an overseas unlisted stock joint purchase platform. Twig
– Due to this structure, it is a disadvantage that the currency is inferior to ordinary stocks. If you want to indirectly invest in foreign unlisted stocks and then convert them into cash, you must sell the entire cooperative shares at one time with the consent of the members, or individual members must find buyers and sell their own shares. Even at the stage of creating a cooperative, if the investment target is not met, the’joint purchase’ itself can be destroyed.
Lee Min-hwan, professor of global finance at Inha University, said, “Before you start investing in unlisted stocks, you must fully recognize that there is a risk of loss of principal, and that unlike listed stocks, the currency is inferior.” It should also be noted that it is difficult for individuals to determine the appropriate price due to the lack of investment reference materials and infrequent transactions.
Reporter Jiyu Hong [email protected]
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