CJ HelloVision to raise $267 million from IPO

The cable-TV operator will be the largest new listing in Korea so far this year after fixing the price at W16,000 per share.

CJ HelloVision to raise $267 million from IPO

CJ HelloVision, South Korea’s biggest cable-TV provider, will raise W293.21 billion $267 million from its initial public offering after fixing the price slightly below the mid-point of the range.

The company also cut the number of shares on offer by 3% to about 18.33 million. There was no explanation for the reduction, which seemed at odds with the fact that the deal was about 19 times covered at the bottom of the price range....

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...