SK IET lights up Korean bourse with $2bn IPO

Seoul Korea_575px_adobe_25Feb21
By Jonathan Breen
29 Apr 2021

SK IE Technology raised W2.29tr ($2.07bn) this week from the largest Korea IPO since 2017. The deal achieved record demand as institutional investors bet on a sector leader and retail buyers rushed to the market for short term gains. Jonathan Breen reports.

SK IET is one of the world’s top manufacturers of lithium-ion battery separators — a key component primarily used in electric vehicles and smartphones. Its parent, lithium-ion battery maker SK Innovation, is part of South Korean conglomerate SK Group.

“The SK IET IPO was very well received by the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial