DEEP RESEARCH · CROWDWORKS
Crowdworks Rights Offering: Price Change and Shareholder Checklist
A practical checklist after the first issue price was set at KRW 7,000.
0. Bottom line first
The planned new-share price was reduced from KRW 8,020 to the first issue price of KRW 7,000. That lowers the cost for participating shareholders, but reduces the company’s proceeds from about KRW 34.4 billion to about KRW 30.0 billion and leaves dilution risk for existing shares.
This post follows the earlier Crowdworks business note (previous post) and focuses on what shareholders need to do during the offering process.
1. What the price change means
Official fact: The source says the planned issue price was lowered from KRW 8,020 to KRW 7,000, and that KRW 7,000 is the first issue price. The final issue price will be recalculated on August 4, 2025.
Interpretation: The lower price helps shareholders who want to subscribe. The other side is smaller funding for the company and possible dilution pressure from a large discounted issuance.
KRW 8,020 → KRW 7,000
The first issue price lowers the subscription cost.
KRW 34.4B → KRW 30.0B
Lower pricing also means less capital raised.
Dilution
A large discounted share issue can pressure existing shareholders.
2. Timeline and preparation
| Date | Event | What shareholders should prepare |
|---|---|---|
| July 7, 2025 | Record date | Rights were allocated to shareholders registered on this date; the source notes shareholders holding as of July 3. |
| July 23-29, 2025 | Rights trading period, 5 business days | Rights such as “Crowdworks 4R” appear in the account. A shareholder can sell the right, hold it to subscribe, or buy more rights. |
| August 4, 2025 | Final price calculation date | The final issue price is determined based on the share price. |
| August 5, 2025 | Final issue price announcement | The final per-share price is disclosed. |
| August 7-8, 2025 | Existing shareholder subscription | Rights holders apply for new shares. |
| August 18, 2025 | Payment date | Cash must be ready because payment is withdrawn automatically. |
| September 1, 2025 | Expected new-share listing | New shares enter the account and become tradable. |
3. What to do in the MTS app
- From July 23 to 29, check whether “Crowdworks 4R” appears in M-STOCK balances.
- On August 7-8, go to Stocks → Rights/Subscription → Paid-in subscription and select Crowdworks.
- The source says oversubscription up to 0.2 share per allotted share, or 20%, is possible.
- Before August 18, prepare cash equal to subscribed shares times the final issue price.
Usually there is no need to call the broker; the process can be handled in MTS. If the menu is hard to find, contact Mirae Asset Securities customer service.