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Korea's Mando IPO to raise about $500 mln -source

HONG KONG, March 30 (Reuters) - The initial public offering of Korean auto parts maker Mando Corp is expected to raise about $500 million, a source familiar with deal told Reuters.

The IPO would value the company at up to $1.25 billion, the source added on Tuesday.

A spokesman at Mando said no firm details had been decided.

The joint booker runners for IPO are Citigroup , JP Morgan and Woori Investment and Securities.