Korea Aerospace aims to price $475 mln IPO at 14,000-16,000won/share

Newswire

SEOUL, May 31 (Reuters) - Korea Aerospace Industries (KAI) said on Tuesday it planned to sell 36.6 million shares in initial public offering to raise at least 512.6 billion Korean won ($474.6 million). The South Korean aircraft maker seeks to price the share sale at between 14,000 won and 16,000 won a share, the company said in a filing to financial regulators. ($1 = 1080.150 Korean Won) (Reporting by Ju-min Park; Editing by David Chance)

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