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 [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s initial public offering (IPO) market is booming with mega deals this year, already smashing the previous high while several more big deals are scheduled for the remaining months. A total of 73 companies have raised a combined 16.1 trillion won (US$13.9 billion) through their listings in the [...]
SEOUL, Aug. 13 (Korea Bizwire) — SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, said Friday it started preparing for a listing on the local stock market. SSG.com said the company requested major local securities submit bids for the selection of a lead manager for its initial public offering (IPO). “Company [...]
SEOUL, Aug. 10 (Korea Bizwire) — Global top shipbuilder Hyundai Heavy Industries Co. said Tuesday that it has applied for an initial public offering (IPO), seeking to raise up to 1.08 trillion won (US$900 million) for the development of its eco-friendly ship technologies next month. The shipbuilder has submitted the application to the top financial [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korean internet-only bank Kakao Bank Corp. made a splash in its stock market debut Friday, emerging as the country’s most valuable financial firm. After a weak start, shares of the online bank made steady gains throughout the session. It capped the first day at 69,800 won (US$61), soaring [...]
SEOUL, Aug. 3 (Korea Bizwire) — Video game developer Krafton Inc.’s initial public offering (IPO) drew lukewarm responses from retail investors, with their deposits for IPO subscriptions just at 5 trillion won (US$4.35 billion), its IPO managers said Tuesday. During the two-day subscription, the subscription rate stood at 7.79:1 for shares allocated for retail investors. [...]
SEOUL, July 27 (Korea Bizwire) — South Korean internet-only bank Kakao Bank Corp. drew a tepid response from retail investors for its initial public offering (IPO), with deposits for the stock offering at a smaller-than-expected 58.3 trillion won (US$50.5 billion), according to its IPO managers Tuesday. During the two-day subscription, the subscription rate stood at [...]
SEOUL, July 1 (Korea Bizwire) — Krafton Inc., the company behind the global hit video game “PlayerUnknown’s Battlegrounds” (PUBG), said Thursday it has decided to lower the pricing range of its planned initial public offering (IPO) amid controversy over overvaluation. The company said it has submitted a revised IPO application to the Korea Exchange under [...]
XIAN, China, June 23 (Korea Bizwire) — Bon Natural Life Limited (Nasdaq: BON) (“BON” or the “Company”), one of the leading bio-ingredient solutions providers in the natural, health and personal care industries, today announced the pricing of its firm commitment initial public offering of 2,200,000 ordinary shares, par value US$0.0001 per share (the “Shares”) at [...]
SEOUL, June 16 (Korea Bizwire) — Krafton Inc., the gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Wednesday it plans to raise as much as 5.6 trillion won (US$5 billion) through an initial public offering (IPO) that will likely place it as South Korea’s most valuable video game company. The company plans [...]