SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]
SEOUL, Aug. 8 (Korea Bizwire) – Samsung BioLogics Co., a biosimilar firm affiliated with Samsung Group, will apply for preliminary approval this week for its initial public offering (IPO), estimated at around 3 trillion won (US$2.68 billion), South Korea’s bourse said Monday. The firm, one of the world’s largest manufacturers of biosimilar medicine, plans to [...]
NEW YORK, Jul. 29 (Korea Bizwire) — Talend (Nasdaq:TLND), a Silicon Valley-based leader in big data and cloud integration solutions, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market, the home to the world’s most innovative companies. A photo accompanying this announcement is available [...]
NEW YORK and STOCKHOLM, Sweden, Jul. 6 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a combined 176 new listings – including 68 initial public offerings (IPOs) – in the first half of 2016 to its U.S. and Nordic exchanges, maintaining its position as the leading global exchange venue. This includes DONG Energy [...]
SEOUL, June 28 (Korea Bizwire) – Japan-based global messaging app operator LINE Corp. said Tuesday that it has set the price range of its initial public offering (IPO) at between 2,700 yen and 3,200 yen (US$31.60) a share, roughly matching its previously hoped-for price of 2,800 yen per share, amid increased market tumult sparked by [...]
SEOUL, June 1 (Korea Bizwire) – A Korean version of the NASDAQ Private Market is expected to launch before the end of the year. According to industry analysts, the Korea Financial Investment Association (KFIA) plans to present what it calls an ‘over-the-counter transaction platform for professional investors’. It plans to revitalize the pre-IPO market by providing [...]
SEOUL, May 11 (Korea Bizwire) – A rising number of Korean companies are voluntarily delisting. The simple logic: there’s more harm than good for companies that remain public. According to the Korea Exchange (KRX), Kyungnam Energy will go through liquidation proceedings and be delisted on May 19. The company’s biggest shareholder, Kyungnam Tech, requested the voluntary [...]
SEOUL, April 6 (Korea Bizwire) – Retail giant Lotte Group is seeking to sell more of its hotel unit’s stocks to retail and institutional investors in a move to improve its cobweb-like corporate governance, industry sources said Wednesday. Hotel Lotte Co., the group’s hotel unit, has been preparing to go public on the Seoul bourse as [...]
SEOUL, March 25 (Korea Bizwire) – Netmarble Games, South Korea’s No. 1 mobile game developer and publisher, is expected to seek listing on the country’s main bourse instead of on the tech-heavy KOSDAQ or overseas, sources said Friday. The company’s market capitalization is estimated at approximately 10 trillion won (US$8.57 billion), putting it nearly on par [...]
SEOUL, Sept. 18 (Korea Bizwire) — LIG Nex1, a defense unit of South Korean conglomerate LIG Group, said Friday it will go public on the Seoul bourse in October in what will be the first market debut by a local defense company. The initial public offering (IPO) of 6.9 million shares is expected to raise [...]