Chunky Samsung IPOs set to rejuvenate South Korean market

By Rashmi Kumar
23 Oct 2014

The South Korean IPO market is set for its biggest volume in years in 2014, thanks to two units of Samsung Group aiming to raise some $2.5bn before the end of December. The macro environment is a challenge and the Korea Stock Exchange Kospi Index has slid around 2% so far in 2014. But early signs suggest that the Samsung names will be a hit among investors — and could turn the market around, writes Rashmi Kumar.

Samsung SDS, the technology logistics subsidiary of the bigger conglomerate, opened its long-awaited W1.2tr ($1.1bn) IPO this week by offering investors 6.1m shares at a range of W150,000-W190,000.

Meanwhile, Cheil Industries, until recently called Samsung Everland and the de facto holding company of Samsung Group, received ...

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