HD Hyundai Marine Solution Co. has successfully drawn investors during its recent book-building session, setting a competition ratio of about 200 to 1.
According to investment banking sources on Monday, the engineering services company held a book-building session from April 16 to 22, with the estimated competition ratio of about 200 to 1.
Given that Doosan Robotics Inc. IPO had a competition ratio of 272 to 1 during the book-building session, the listing of HD Hyundai Marine Solution is likely to be successful.
Doosan Robotics‘ expected market capitalization was 1.69 trillion won ($1.2 billion), and the subscribed amount was 421.2 billion won.
HD Hyundai Marine Solution’s IPO is more than twice the size of Doosan Robotics, with an expected offering amount based on the desired price of 652.4 to 742.3 billion won. Its market capitalization is expected to be between 3.26 trillion won and 3.7 trillion won.
It is considered to be the largest IPO in more than two years since LG Energy Solution Ltd.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.