South Korea's SKIET to launch IPO to raise at least $1 bln, sources

Reuters2021-03-30

HONG KONG/SEOUL, March 30 (Reuters) - South Korea’s SK IE Technology (SKIET) will begin its initial public offering (IPO) process Wednesday as it aims to raise at least $1 billion, according to two sources with direct knowledge of the matter.

The company received preliminary approval Tuesday for the IPO from the Korea Exchange after lodging its application in December.

Official filings will be made Wednesday to start the deal, the sources said who could not be named as the information has not yet been made public.

SK IET’s parent SK Innovation Co Ltd declined to comment. SK Innovation owns 90% of SKIET, according to the company’s regulatory filing.

SKIET develops separators, a key component in lithium-ion batteries. (Reporting by Scott Murdoch in Hong Kong and Heekyong Yang in Seoul, editing by Louise Heavens)

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Comments

吹股神
2021-03-30
吹股神
Why put this article here? We can't trade Korean stocks isn't it
- Cucumbers:
  Good point
Jazling
2021-03-30
Jazling
Wow
- Jazling:
  Ok
Johnstar
2021-03-30
Johnstar
Why South Korea scared to launch
- huathuatking:
  Im mot sure beo

Leave a comment

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