Korean IPOs make headway despite political turmoil

seoul korea px230 city
By Jonathan Breen
03 Nov 2016

South Korea is in the midst of a serious political scandal that could threaten the president, but it seems to have had little impact on the IPOs of Clio Cosmetics Co and Doosan Bobcat.

Doosan opened books on Thursday for its W990.9bn ($867.0m) listing of 30m secondary shares. The deal is being marketed at a range of W29,000-W33,000, which could raise W870.8bn-W990.9bn.

It is the construction equipment maker’s second attempt at an IPO. It failed the first time around in October ...

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