Samsung Electronics plans IPO in US by 2002

Samsung Electronics is determined to be a leader in the convergence of telecoms, media and technology by building both its brand and its financial presence globally.

Samsung Electronics - Korea's largest electronics maker - said it plans an initial public offering of its shares in the US late next year or in 2002 as it seeks to achieve a global financial presence to match its internationally recognized brand name. The company has formed a task force to examine whether to apply to the technology-heavy Nasdaq exchange or to the main New York Stock Exchange. It wants to ensure it is in compliance with all listing requirements...

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