Korea's SK C&C upsizes IPO to $462 million

The sell-down by SK Telecom and SK Networks will create a cleaner group structure.

SK CC drew strong enough demand for its initial public offering to upsize the deal slightly and still price at the mid-point of the indicated range, according to sources. At a final deal size of W540 billion $462 million, this is the second largest Korean IPO to date and the upsize is a welcome change after a poor response to several other Korean listings in the past couple of months.

Two weeks ago, Posco Engineering and Construction called...

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