Top Arranger Sees Lotte Leading Busiest Korea IPOs Since 2010
- Initial public offerings may hit 5 trillion won: NH Investment
- Should Hotel Lotte listing succeed `other chaebols may follow'
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South Korea’s top equity underwriter forecasts the busiest year for deals since 2010 as Lotte Group prepares to take its hotel unit public and the government pushes companies to undertake similar reorganization.
Initial public offerings may reach at least 5 trillion won ($4.2 billion) in 2016 including a planned sale by Hotel Lotte Co., according to Cho Kwang Jae, Seoul-based managing director of equity capital markets at NH Investment & Securities Co. That would be the most since 2010, according to data compiled by Bloomberg. Korean IPOs have returned an average 46 percent on their first trading day since the start of 2014.