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 follows pay-TV issuers in Indonesia and Malaysia

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....

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