Hyundai Oilbank pushes back W2tr IPO to 2019

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By Jonathan Breen
10 Oct 2018

Hyundai Oilbank, a subsidiary of South Korean shipbuilding firm Hyundai Heavy Industries, is expected to delay its IPO until 2019, according to a banker working on the deal.

The listing was approved at a preliminary screening in August but the company has yet to receive the final go ahead.

Oilbank has been preparing to float for up to W2tr ($1.76bn), as GlobalCapital Asiapreviously reported. The deal would have been the largest IPO in Korea this year ...

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