goldman-to-launch-asian-tech-offerings-despite-tough-equity-markets

Goldman to launch Asian tech offerings despite tough equity markets

Korean e-commerce marketplace provider Gmarket and Chinese audiovisual advertising firm Focus Media hopes to raise a combined $850 million.
Gmarket looks set to become only the second Korean company after Lotte Shopping to sell shares to international investors through an initial public offering this year. It is expected to ignore the sharp decline in global equity markets over the past month and kick off a formal road show later this week.

The e-commerce marketplace provider, which has a leading position in its home market, is aiming to raise between $100 million and $150 million in a Nasdaq listing that is said to have attracted a lot of interest after Yahoo Inc. last week bought a 10.5% stake in the company.

GmarketÆs offering will overlap with the share sale of another Asian technology company. China-based...
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