Borrowings spiked in April, buoyed by unsecured loans taken by punters to invest in an initial public offering (IPO) by SK IE Technology, which was listed on the Kospi on Tuesday.
SK ie technology ended its first day as a listed company at 154,500 won ($138), up 47 percent from its offering price of 105,000 won after a choppy morning of trade.
SK IE Technology’s initial public offering has been priced at 105,000 won ($94), the high end of the range.
SK ie technology, an SK Innovation subsidiary that makes battery separators, said Sunday it will invest 1.13 trillion won ($1 billion) to expand its European facilities in response to growth in the electric vehicle (EV) market.
Korea JoongAng Daily Sitemap