IPO boom may spell stock overhang, scanty profits
Record-setting IPO boom may spell scanty profits S.Korean companies likely to raise about $30 billion in 2021 IPOs 3 HOURS AGO (Getty Images Bank) South Korean stock markets are on course to set a new record in the IPO volume with new issues estimated to exceed 30 trillion won ($27 billion) for the entire year of 2021, more than five times its previous record of 5.9 trillion won set in 2017. "We may never see such an unprecedented boom in the IPO market again in the next decades," said a domestic brokerage company's investment banking head. The IPO bonanza is expected to spur mo...
Source: kedglobal.com