Pursuits
Doosan Bobcat Owners Seek South Korea’s Biggest IPO in Six Years
- Shareholders look to raise up to $2.2 billion from sale
- To gauge demand for share offering from Oct. 6 to Oct. 7
This article is for subscribers only.
Doosan Bobcat Inc.’s owners are planning what could be South Korea’s biggest initial public offering in more than six years as the manufacturer of excavators and loaders looks to raise as much as 2.45 trillion won ($2.2 billion) in a share sale next month.
Shareholders of the company, an arm of South Korea’s biggest construction equipment maker, will offer about 49 million existing shares at 41,000 won to 50,000 won apiece, according to a regulatory filing Thursday. Doosan Bobcat will gauge demand for the share sale from Oct. 6 to Oct. 7 and plans to take investor orders from Oct. 12 to Oct. 13.