Korea’s Youngone prices GDR at 2.7% discount

The OEM garment maker raises $113.8 million from Korea's first big equity deal this year.

Korea’s Youngone prices GDR at 2.7% discount

Youngone Corp, a Seoul-headquartered original equipment manufacturer OEM of garments, has raised $113.8 million from its debut offering of global depository receipts GDRs, after fixing the price at a 2.7% discount to Wednesday’s close of its common shares.

The fully marketed deal priced late Wednesday evening after a roadshow took the management to Hong Kong, Singapore and London on Monday through Wednesday this week. There was no indicative price range for the transaction...

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