Covered 600x: investors flood into $248m Cuckoo IPO
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Covered 600x: investors flood into $248m Cuckoo IPO

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Investors poured into Cuckoo Electronics’ W255bn ($248m) IPO, resulting in an institutional tranche that was close to 600x subscribed. The South Korean home appliances manufacturer took advantage of the overwhelming demand and priced the trade at the top of its indicative price range on July 28.

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