Kumho Tire roadtests IPO

Korean Tire manufacturer presents investors with a turnaround story less than two years after its forced sale to the Military Mutual Aid Association.
January 17, 2005

Kumho Tire will finish pre-marketing an unusual dual listing in Seoul and London today (January 18) via lead managers JPMorgan and Daishin Securities. The group hopes to raise $300 million to $400 million from the deal, which includes a strategic investment by Cooper Tire.

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