Expect a steady flow of Korean IPOs in 2012, says this article from the Financial Times and dealReporter.
Subsidiaries of conglomerates such as Samsung, LG, SK and Lotte Group will be offering up shares due to large amounts of corporate bonds maturing in 2012 and companies’ needs for liquidity to fuel expansion plans.
The article also mentions a possible IPO from publicly-owned Korea Development Bank. KDB may try to add consumer banking services to boost its valuation and some have reported that it may buy HSBC’s retail banking units.
The article also explains that many Korean companies are looking into overseas IPOs as an aid to operations abroad, with many eyeing Hong Kong as a potential bridge to the Chinese market.
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