Samsung Card launches IPO with international tranche

The credit card issuer seeks up to $583 million from the sale with 30% set aside for offshore investors.

The marketing of Samsung CardÆs initial public offering of up to $583 million is now under way and promises to attract a lot of interest from the international investment community. Not only is this the first Korean equity offering of size this year, but it is also the first domestic Korean IPO that has an international tranche.

The international tranche became possible after the announcement of a regulatory change earlier this month and Samsung Card, which had obviously been waiting...

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