SEOUL, Feb. 7 (Korea Bizwire) — The amount of money South Korean firms raised through initial public offerings (IPOs) more than quadrupled to hit a record high last year thanks to ample liquidity and the overall bullish stock market sentiment, data showed Monday. A total of 89 companies went public in 2021 by listing stocks [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) drew record high demand from retail investors in the public subscription for its red-hot initial public offering (IPO) next week, its underwriters said Wednesday. The company attracted 114.1 trillion won (US$95.8 billion) in deposits from some 4.4 million retail investors [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) is expected to raise 12.75 trillion won (US$10.7 billion) this month in what will be the country’s largest-ever initial public offering (IPO). LGES said in a regulatory filing Friday it set the IPO price at 300,000 won per share, the [...]
SEOUL, Jan. 7 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, said Friday it has begun the process of an initial public offering (IPO) as part of efforts to raise funds to strengthen its foothold as a major digital financial platform. K-Bank sent a request for proposal to local and foreign securities firms earlier [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said Sunday. The amount of money raised via IPOs on the main and tech-heavy stock [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Heavy Industries Group, South Korea’s 15th largest conglomerate by assets, said Thursday that its refining affiliate Hyundai Oilbank Co. plans to file for a preliminary screening within this year to go public with local bourse operator Korea Exchange. Hyundai Oilbank aims to trade its shares on South Korea’s [...]
SEOUL, Dec. 7 (Korea Bizwire) — Battery maker LG Energy Solution Ltd. is seeking to raise as much as 12.75 trillion won (US$10.8 billion) in what would be South Korea’s largest initial public offering (IPO), planned for early next year, the company said Tuesday. The company said in a regulatory filing it is offering 34 [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. has received preliminary approval for listing on the country’s main stock market, the main bourse operator said Tuesday, taking one step closer to its much-anticipated market debut. The approval by the Korea Exchange (KRX), the country’s main bourse operator, came as [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korean mobile payment service Kakao Pay made a successful stock market debut on Wednesday, closing sharply higher than its initial public offering (IPO) price. The payment arm of Kakao Corp., South Korea’s top messenger app, closed at 193,000 won (US$163.28), up 7.22 percent from its opening price of [...]
SEOUL, Oct. 29 (Korea Bizwire) — South Korean online grocery delivery platform Market Kurly said Friday it aims to go public in the domestic market in 2022 as part of efforts to help hone its competitiveness. Market Kurly said it has picked NH Investment and two other brokerage houses as co-lead managers for its initial [...]