UPDATE 1-Hyundai Rotem raises $585 mln in S.Korea's largest IPO since 2010

Newswire

By Joyce Lee SEOUL, Oct 18 (Reuters) - South Korean train manufacturer Hyundai Rotem Company raised 622.4 billion won ($585.22 million) in an initial public offering, capitalising on robust demand for the country's largest IPO since 2010 and a lack of similar-sized listings. The offering of 27.06 million shares was priced at 23,000 won per share, at the top of an 17,000-23,000 won indicative range, making it South Korea's fourth largest IPO since 2006, when the ...

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