Samsung SDS raises $1.1b in IPO

The flotation, which represents the latest move by Korea's largest business group to restructure, is the largest IPO in the country in four years.

Samsung SDS raises $1.1b in IPO

Samsung SDS raised $1.1 billion in an initial public offering after selling its shares at the top of the indicative range, making it the largest Korean IPO in more than four years.

The listing of Samsung SDS, which provides technology for the construction and manufacturing industries, is the latest step in allowing Lee Jae Yong, heir apparent of the Samsung Group, to restructure South Korea's largest business group after his 72-year-old father was hospitalised...

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