Socar will go public on Aug. 22 at a price lower than hoped for due to weaker-than-expected demand from institutions. The company will sell 3.64 million shares at 28,000 won ($21) a share, 17 percent cheaper than the lower end of the ...
Socar will push ahead with its initial public offering (IPO), despite the unfavorable market conditions that forced many big names to cancel their plans to go public.
CJ Olive Young has halted its initial public offering plans, blaming market conditions.
With stocks down and investors feeling burned, initial public offerings (IPO) are being cancelled, delayed and reconsidered.
Hyundai Oilbank on Thursday called off its plan to go public due to unfavorable market conditions, becoming the latest Korean company to back down from listing.
Hyundai Oilbank, an oil refiner of Hyundai Heavy Industries (HHI) Group, scrapped its plan to go public on the main bourse Kospi due to unfavorable market conditions, the company said in an electric disclosure Thursday.
The Kospi fell to 2,550.08 points on May 12, down almost 20 percent on year. The May figure was the lowest since November in 2020. Kosdaq hit 831.59 points on May 10, down 16 percent on year. A contributing factor to the sluggish indexes is a...
Markets across the board have weakened dramatically as rates in the United States rise, with equity, bonds, currencies and cryptocurrencies hit hard by the rush to quality and weak investor sentiment.
GI Innovation aims to go public on the Kosdaq market in the second half of the year.
Kyobo Life Insurance's annual general meeting Wednesday was disrupted by its second-largest shareholder, Affinity Consortium.