Korean stock markets set for record-high IPOs in 2021
Solum, a wireless communications module maker, debuted Feb. 2 on the Korea Exchange. Initial public offerings in South Korea are expected to top 20 trillion won ($18 billion) in value this year, the largest amount for a single year in the country, with a greater number of high-profile companies, including LG Energy Solution Co., preparing for billion-dollar offerings in coming months. The estimated IPO volume this year is about five times the 4.7 trillion won for the whole of 2020, as a slew of startups race to go public to take advantage of abundant market liquidity a...
Source: kedglobal.com