What is equal allocation?

Since 2021 at least half of the retail tranche is split equally among everyone who subscribes at least the minimum quantity. The rest is allocated in proportion to the amount subscribed.

Do I always get at least one share?

Only if the equal-allocation pool is larger than the number of subscribers. When subscribers outnumber shares, a lottery decides who gets one.

Does it help to use several brokers?

You cannot subscribe to the same IPO at more than one broker. Quotas differ by underwriter, so a broker with a large allocation and fewer subscribers gives better odds.

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한국어

Equal allocation (균등배정)

At least half of the retail tranche in a Korean IPO is split equally among everyone who subscribes the minimum.
Also known as: Pro-rata vs equal allotment

What it is

Since 2021 at least 50% of retail IPO shares go equally to every subscriber who deposits the minimum; the rest is allocated in proportion to the amount subscribed.

Example

With 300,000 equal-allocation shares and 300,000 subscribers each gets one share. With 600,000 subscribers, a lottery gives one share to half of them.

What to keep in mind

You cannot subscribe to the same IPO through multiple brokers. When several brokers underwrite, quotas differ, so a broker with fewer subscribers can mean more shares.

IPO allocation calculator

See related filings and news data →

This explanation is general information, not investment advice. Rules reflect September 2026 and may change; check official exchange and broker notices.

Equal allocation (균등배정): questions

What is equal allocation?: Since 2021 at least half of the retail tranche is split equally among everyone who subscribes at least the minimum quantity. The rest is allocated in proportion to the amount subscribed.
Do I always get at least one share?: Only if the equal-allocation pool is larger than the number of subscribers. When subscribers outnumber shares, a lottery decides who gets one.
Does it help to use several brokers?: You cannot subscribe to the same IPO at more than one broker. Quotas differ by underwriter, so a broker with a large allocation and fewer subscribers gives better odds.