Kumho Tire rolls out IPO

Korean tire manufacturer completes first dual listing in London and Seoul.

Korea's Kumho Tire priced a $363.5 million Won373.36 billion IPO at the mid point of its indicative range on Friday via lead managers JPMorgan and Daishin Securities. The company raised $266.5 million from the international offering, which comprised 37.28 million GDS units and Won99.6 million from the domestic offering, which comprised 6.8 million shares.

There is also a greenshoe of four million GDS units and one share equals two units. Pricing was fixed at Won14,650...

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