Korean IPO flow inhibited by oil shock

After a trio of $1bn-plus deals last year, volatile oil prices have taken the spark out of Korea’s equity capital markets.

Korean IPO flow inhibited by oil shock

A busy fourth quarter in Korean equity capital markets is unlikely to be extended through 2015 now that volatile oil prices have delayed a handful of potentially big deals.

Korea’s equity capital markets, which have been relatively staid this decade, will remain at ease in keeping with the secondary market. The Kospi 200 benchmark index has been stuck between 225 and 275 points over the past four years, during which time daily average volumes have...

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