S.Korea railway vehicle maker Hyundai Rotem raises $585 mln in IPO

Newswire

SEOUL, Oct 18 (Reuters) - South Korean train manufacturer Hyundai Rotem Company has raised about 622.4 billion won ($585.22 million) in an initial public offering, selling shares at the top of an indicative range. The offering of 27.06 million shares was priced at 23,000 won per share after being marketed in a 17,000-23,000 won range, the company said in a filing on Friday. Hyundai Rotem has earmarked the majority of the proceeds for paying down debt and ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

May 5, 2016
Video
WardsAuto

Nissan Maxima: Judging for 2016 Wards 10 Best Interiors

The Nissan Maxima, evaluated by editor Steve Finlay, is a 2016 Wards 10 Best Interiors winner....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×