Why Samsung BioLogics’ IPO was such a hit

Investors piled into the biologic drug manufacturer’s listing despite a young corporate history and an unimpressive track record of generating profits.

Why Samsung BioLogics’ IPO was such a hit

When South Korea’s Samsung BioLogics announced its plan to list in the domestic market, it offered investors a deal that on the surface looked like an unappealing proposition.

It was not the long-established corporate titan that Korean investors are used to. In fact, it had been operating less than six years. It had less than $30 million of cash last year. Perhaps most importantly, it was unprofitable until 2015, when it turned in...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS