S1 Corp secures new investors

Korean security systems specialist expands institutional ownership.

CLSA completed a block trade yesterday September 13 for Kospi-listed S1 Corp raising $161 million. The vendor was a single institutional investor that has held the stock for eight years and divested the entire stake through the 3.6 million share deal.

After marketing the offering at Won45,500 to Won47,000 per share, the lead priced it at Won45,500. This equated to a 4.8% discount to the stock's Won47,800 close.

The order book closed...

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