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... t's five thousand more than our maximum target!"

Hoop Entertainment had initially hoped for a public offering price between twenty thousand and thirty thousand won. This was what was typically called the 'price band,' and institutional investors who participated in the demand forecasting process placed their bids based on it.

But when submitting their bids, they weren't required to stay within that band. For popular stocks, fierce competition could drive bids higher than the comp ...

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