Kumho Tire shares up 28.3 pct on Seoul debut

Newswire

SEOUL, Feb 17 (Reuters) - Shares in Kumho Tire Co. Inc. , the world's 11th biggest tyre maker, gained 28.3 percent on their first day of trade in Seoul on Thursday, after rising in London. Shares in Kumho Tire, the second-biggest South Korean tyre maker, opened at 18,800 won, up 4,150 won from an initial public offering price of 14,650 won. In London, global depositary shares (GDS) of Kumho rose 11.5 percent to $7.95 on Wednesday, from an IPO price of $7.13. Two GDS equal one common ...

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