Lotte shops for record breaking IPO

Korean retailer hopes to raise up to $3 billion in what is shaping up to be Asia''s largest ever non-privatization IPO.

Pre-marketing has begun for a $2.5 billion to $3 billion IPO for Korean retailer Lotte Shopping. The Goldman Sachs, Nomura and Daewoo Securities led deal was launched last Monday January 2 and will begin formal roadshows at the beginning of next week, with pricing of the international offering scheduled for January 27 just before Chinese New Year. The domestic offering will be launched immediately after the holiday, with listing scheduled for mid-February.

The deal is a...

To continue reading, please login or register for free

Click for more on: lotte | shops | record | breaking | ipo

Print Edition

FinanceAsia Print Edition