WASHINGTON, March 11 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. made a splash in its landmark debut on the New York Stock Exchange on Thursday at an initial public offering price of US$35 each. The IPO price is higher than an earlier proposed range of $32 to $34. With 130 million shares offered, Coupang [...]
SEOUL, March 11 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. on Thursday said its initial public offering price was set at US$35 per share for its landmark debut on the New York Stock Exchange (NYSE), paving the way for the company to raise $4.5 billion with its value at around $63 billion. The [...]
SEOUL, March 10 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. drew a record 64 trillion won (US$56 billion) in investor deposits during a two-day subscription period for its share sale, company officials said Wednesday. According to the officials, the deposits for SK Bioscience’s initial public offering (IPO) surpassed the two previous records [...]
SEOUL, March 9 (Korea Bizwire) — South Korean vaccine maker SK Bioscience Co. on Tuesday kicked off a two-day public subscription for its initial public offering (IPO), seen as a high-profile share sale during the first half. SK Bioscience, a unit of South Korea’s No. 2 family-controlled conglomerate SK Group, has allowed individual investors to [...]
SEOUL, March 3 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. is expected to make its landmark debut on March 11 on the New York Stock Exchange (NYSE), a day after fixing its initial public offering (IPO) price, financial industry sources said Wednesday. The speculation came after the NYSE confirmed that the IPO price [...]
SEOUL, Jan. 29 (Korea Bizwire) — LG Energy Solution Ltd. has picked the lead managers for its listing on the Seoul bourse after a spin-off from its parent LG Chem Ltd., according to industry sources, which is expected to be one of this year’s mega IPO deals. The battery unit wholly owned by LG Chem [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said Tuesday it will raise 1 trillion won (US$907 million) by listing its shares on the main bourse this year for its environment-friendly business. Hyundai Heavy said it will issue new shares equivalent to a 20 percent stake in the company [...]
SEOUL, Jan. 26 (Korea Bizwire) — It will be another busy year for initial public offerings in South Korea as a slew of companies are rushing to debut on the local stock market amid a stock rally and strong appetite from retail investors, analysts said Tuesday. Companies ranging from bio, battery makers, fintech to games [...]
SEOUL, Oct. 18 (Korea Bizwire) — A number of South Korean companies are in the process of going public in the fourth quarter this year, in a bid to ride on the latest successful initial public offering (IPO) rush, data showed Sunday. After suffering a pandemic-caused market crash in the first half, the local stock [...]
SEOUL, Oct. 18 (Korea Bizwire) — Big Hit Entertainment, the agency of K-pop superstar BTS, may face increased volatility following last week’s rocky stock market debut, as institutional investors are likely to sell part of the company’s stocks. Right after debuting on the country’s main bourse on Thursday, the K-pop entertainment company soared to 351,000 [...]