LIG Nex1 turns on the IPO radar with mandates for two

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By Rev Hui
28 Aug 2014

Korean arms manufacturer LIG Nex1 has hired two banks to work on an IPO that could be worth W500bn ($490m), according to a banker close to the deal.

Woori Investment & Securities and Korea Investment & Securities are the mandated advisers to LIG Nex1, with the IPO slated to come in 2016.

“We’ve got the deal but everything else is still too early to say,” said the banker, adding that the proposed size was subject to ...

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