Bobcat draws line under IPO flop as Doosan bags $788m

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By John Loh, Jonathan Breen
10 Nov 2016

Doosan Bobcat got its listing across the line at the second attempt, as cheaper valuations and a willingness to accede to investors helped raise W900bn ($788.0m).

The construction equipment maker, a unit of South Korean conglomerate Doosan, launched an offering of 30m secondary shares from Doosan Infracore Co, Doosan Engine Co and a group of financial investors on November 3. The float is equal to 30% of the company’s enlarged share capital.

Credit Suisse, ...

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