IPOs in South Korea rise 19% in first nine months

A total of 55 companies made their debuts on the main bourse Kospi and the tech-heavy Kosdaq markets during the cited period. — The Korea Herald

SEOUL: Initial public offerings (IPOs) in South Korea rose 19% in the first nine months of the year from a year earlier, data shows.

The proceeds from IPOs stood at 3.41 trillion won (US$2.43bil) in the January to September period, compared with 2.85 trillion won for the same period last year, according to the data from consulting service provider IR Kudos Corp.