Another bumper year seen for IPO market

Active market: A trader works in front of screens showing the Kospi and exchange rate in Seoul. The amount of money raised via IPOs on the main and tech-heavy stock markets reached a record high last year. — AFP

SEOUL: South Korea’s initial public offering (IPO) market is expected to have another bumper year in 2022, as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts say.

The amount of money raised via IPOs on the main and tech-heavy stock markets reached a record high of 20.8 trillion won (US$17.5bil or RM72.90bil) last year, Yonhap reported, citing industry data.