Shopping spree for Lotte

Lotte Shopping deal prices and sets new record as biggest ever Korean IPO.

Lotte Shopping has raised W3.43 billion, or $3.54 billion, after strong demand from foreign investors allowed the Korean retailer to price Asia's largest non-privatization IPO. The deal priced two thirds up the price range at W400,000 per share.

The deal, which was also the largest ever equity fund raising out of Korea after LG Philips LCD's $2.2 billion secondary offering in July last year, is sparking hopes that more Korean companies will look to...

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