Macquarie Korea Infrastructure Fund targets $1 billion IPO

Existing Investors still pondering how much to sell.

Macquarie Korea Infrastructure Fund MKIF has started pre-marketing the first Korean road infrastructure play to list in Seoul. The Macquarie Securities and Merrill Lynch led deal is likely to raise between $700 million and $1.3 billion, although the final deal size will depend on how much existing investors decide to sell.

Primary shares are expected to account for about $500 million, enabling the deal to hit its minimum 20% freefloat requirement. On top of this, six investors are said to...

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