SEOUL, Sept. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday that the initial public offering (IPO) of its planned spin-off battery business unit could take about a year as it seeks ways to strengthen its leading position in the market. LG Chem on Thursday decided to spin off its [...]
REDWOOD CITY, Calif., Sept. 16 (Korea Bizwire) — Sumo Logic, Inc. (“Sumo Logic”) today announced the pricing of its initial public offering of 14,800,000 shares of its common stock at a price of $22.00 per share. All of the shares are being offered by Sumo Logic. The shares are expected to begin trading on the [...]
SEOUL, Sept. 14 (Korea Bizwire) – South Korean investors have poured a huge amount of money into initial public offerings (IPO) this year amid ample liquidity, industry sources said Monday. Investor deposits for IPO subscription in Asia’s fourth-largest economy came to 150.9 trillion won (US$134 billion) between January and last week, about 1.5 times the [...]
SEOUL, Sept. 10 (Korea Bizwire) — Kakao Games, the game developing unit of South Korean mobile giant Kakao, made a strong market debut Thursday, finishing at more than double the initial public offering (IPO) price. Kakao Games closed at 62,400 won (US$53), rising by a daily permissible limit of 30 percent, sharply up from the [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean gaming company Kakao Games Corp. set a record subscription rate and deposits for new shares from retail investors Wednesday, heralding the country’s most popular initial public offering (IPO). Three IPO managers said Kakao Games shares were oversubscribed by 1,524.85 times by general investors as of 4 p.m., [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korean gaming company Kakao Games Corp. said Wednesday it will go public next month to become a global leading game producer. The game affiliate under Kakao Corp., which operates the country’s most-used mobile messenger KakaoTalk, plans to issue 16 million new common shares at a price range of [...]
REDWOOD CITY, Calif., Aug. 24 (Korea Bizwire) — Sumo Logic, Inc. (“Sumo Logic”) today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the [...]
SEOUL, July 2 (Korea Bizwire) — SK Biopharmaceuticals Co. Ltd., the largest initial public offering (IPO) of the year so far, made a strong market debut Thursday, finishing at more than two times the IPO price. The unit of South Korean conglomerate SK Group closed at 127,000 won (US$105), rising by a daily permissible limit [...]
SEOUL, July 1 (Korea Bizwire) — SK Biopharamaceuticals Co. Ltd., a unit of South Korean conglomerate SK Group, will make a debut on the local bourse this week, probably emerging as the top pick by investors for its growth potential amid the coronavirus pandemic. The initial public offering (IPO) price of SK Biopharmaceutical was set at [...]
SEOUL, June 28 (Korea Bizwire) — Newly listed stocks enjoyed substantial gains in the first half this year, fueling an investor rush amid volatile market trends, data showed Sunday. A total of 12 companies made debuts on the main KOSPI and the tech-laden KOSDAQ markets, nine of which far exceeded their IPO prices, according to [...]