Cuckoo's calling investors to Korean IPO

Korea's top selling rice cooker brand launches IPO, and seeks to raise up to $247 million. Earnings will be driven by exports and consumers upgrading rice cookers.
July 21, 2014

Cuckoo Electronics, Korea's best selling domestic rice cooker manufacturer, has launched a W196 billion - W254.9 billion ($190 million - $247 million) IPO via Woori Investment & Securities. Institutional book building for the 2.45 million share deal runs from July 23 - 24, with results published on July 28 and listing scheduled for August 7.

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