Korea Telecom ADR enters crucial final days

Korea Telecom enters its last few days of roadshows with the government still hopeful of pricing a deal at a premium to the stock''s underlying share price.

The final few days of trading in New York and Seoul will be critical to the fortunes of a $2.31 billion offering that is showing every sign of presenting the Korean government with the same pricing problems of virtually every privatization before it.

Having averaged a 9% premium to underlying since the beginning of this year, Korea Telecom's outstanding ADR had edged down to 5.5% at the end of last week and most market participants believe that...

To continue reading, please login or register for free

Click for more on: korea | telecom | adr | enters | crucial | final

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...