South Korea’s Hyundai Heavy Industries is set to raise KRW1.08trn ($935m) after pricing its initial public offering (IPO) at the top of its indicative range amid strong demand.
The 18m shares on offer have been priced at KRW 60,000 ($51.8) per share and are expected to list on the South Korea Stock Exchange on 16 September.
More than 1,600 institutional investors were reported to have shown interest in subscribing to HHI’s shares, according to media reports.
