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Korean battery material maker SKIET looks to price IPO at top of range to raise $2b

streetAsia s premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi

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S Korea s SKIET prices IPO at top of range to raise $2 bln

Publishing date: Apr 26, 2021 • 1 hour ago • 2 minute read • Article content SEOUL/HONG KONG South Korea’s battery material maker SK IE Technology Co Ltd(SKIET) said on Monday it had priced its initial public offering (IPO) at the top end of its indicative range to raise more than 2.2 trillion won ($1.98 billion). SKIET’s shares were priced at 105,000 won compared with a range of 78,000-105,000 won per share it announced in a regulatory filing last month. We apologize, but this video has failed to load. Try refreshing your browser, or S.Korea s SKIET prices IPO at top of range to raise $2 bln Back to video

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South Korea s SKIET raises $2 billion in country s hottest ever IPO

3 Min Read SEOUL/HONG KONG (Reuters) - Battery material maker SK IE Technology Co Ltd (South Korea’s SKIET) raised $2 billion in its initial public offering (IPO) which attracted the hottest demand ever for a deal in South Korea, the company said in a statement Monday. FILE PHOTO: The logo of SK Innovation is seen in front of its headquarters in Seoul, South Korea, February 3, 2017. REUTERS/Kim Hong-Ji SKIET’s shares were priced at 105,000 won each which was the top of the range announced in a regulatory filing last month to raise about 2.2 trillion won ($1.98 billion). The listing, which parent company SK Innovation Co Ltd said will take place on May 11, will be the biggest in South Korea since gaming company Netmarble Corp raised 2.7 trillion won in its IPO in May 2017, according to Korea Exchange data.

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S Korea s SKIET raises $2 bln in country s hottest ever IPO

S Korea s SKIET raises $2 bln in country s hottest ever IPO
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Soult ukpyolsiSouth koreaNetmarble corpSk innovation co ltdKorea exchangeSk ie technology co ltd south koreaதெற்கு கொரியாஸ்க் கண்டுபிடிப்பு இணை லிமிடெட்கொரியா பரிமாற்றம்

Shares in SK Innovation surge after settlement with rival brightens US prospects | Money

Monday, 12 Apr 2021 02:55 PM MYT SK Innovation agreed to pay its rival, an LG Chem Ltd unit, 2 trillion won (US$1.8 billion) to drop all litigation in a bitter trade secrets dispute. That was far less than expected with some estimates putting settlement costs at 7 trillion won. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. SEOUL, April 12 Shares in South Korean auto battery maker SK Innovation Co Ltd soared today after it buried the hatchet with LG Energy Solution, freeing up both firms to expand in the United States, where electric cars have become a Biden administration priority.

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