Hyundai Heavy eyes W1tr from 2021 IPO

By Jonathan Breen
27 Jan 2021

Hyundai Heavy Industries Co is planning an IPO later this year in South Korea. It is looking to raise W1tr ($905.5m) to invest in new technologies.

The world’s largest shipbuilder said on Tuesday it is developing eco-friendly ships in preparation for the low-carbon era, such as those that could run on hydrogen and ammonia. It is also working on smart ships, autonomous ships, and the use of dual-fuel propulsion.

To fund the development, Hyundai ...

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