SK Lubricants pulls $1.5bn IPO on valuation hurdles

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SK Lubricants pulls $1.5bn IPO on valuation hurdles

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Seoul skyline at night | leungchopan - Fotolia

South Korea’s SK Lubricants has withdrawn its up to W1.6tr ($1.5bn) IPO after failing to get the desired valuation, according to a filing with the country’s financial regulator on Friday.

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