UPDATE 1-Korea's Mando IPO to raise about $500 mln-source

Newswire

* Mando IPO to raise about $500mln - source * Listing scheduled for May 19 - source (Adds details) HONG KONG, March 30 (Reuters) - The initial public offering (IPO) of Korean auto parts maker Mando Corp is expected to raise about $500 million, valuing the company at up to $1.25 billion, a source told Reuters on Tuesday. Mando is owned by Halla Group, which had sold the company in 1999 because of financial troubles. Halla Group and financial investors bought back 73 percent of the ...

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