Homeplus Reit pulls $1.5bn IPO on weak demand

Jonathan Breen

March 15, 2019 10:45 am

Unhappy_1_230px — Stressed businessman after business project failure, covering eyes in despair and hand gesturing stop to camera. | Igor Stevanovic/Bits and Splits - Fotolia

South Korean supermarket chain Homeplus Stores has cancelled the potential W1.73tr ($1.5bn) IPO of its Homeplus Real Estate Investment Trust.

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Topics

Equity IPOs Equity Citi South Korea Asia Northeast Asia Asia Pacific Emerging Markets Goldman Sachs

JB

Jonathan Breen

Equities editor GlobalCapital Asia