Korean IPO flow inhibited by oil shock

After a trio of $1bn-plus deals last year, volatile oil prices have taken the spark out of Korea’s equity capital markets.

A busy fourth quarter in Korean equity capital markets is unlikely to be extended through 2015 now that volatile oil prices have delayed a handful of potentially big deals.

Korea’s equity capital markets, which have been relatively staid this decade, will remain at ease in keeping with the secondary market. The Kospi 200 benchmark index has been stuck between 225 and 275 points over the past four years, during which time daily average volumes have gently stagnated. 

The last big year for initial public offerings in Korea was 2010, when Samsung Life Insurance raised $4.4 billion and Korea Life raised $1.5 billion.

Since...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222