Korean IPOs grow in value, decrease in overall number

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Korean IPOs grow in value, decrease in overall number

The value of Korea’s initial public offerings (IPOs) rose 22.8 percent in 2019 from a year earlier, according to the Financial Supervisory Service.

IPO proceeds came to 3.21 trillion won ($2.69 billion) last year, compared with 2.61 trillion won in 2018, according to the data released Wednesday by the agency.

The number of companies that made market debuts last year fell to 73 from 77 in 2018.

Main IPOs included Hanwha Systems, the defense industry unit of Hanwha Group, and SNK, a Japanese video game developer and publisher.

Yonhap

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