Hotel Lotte IPO May Raise $4.8 Billion, Economic Daily Reports

Hotel Lotte Co., the key lodgings and duty-free unit of South Korea’s Lotte Group, is planning for its initial public offering to raise as much as 5.7 trillion won ($4.8 billion) in what could be the largest IPO in the country, Korea Economic Daily reported, citing unidentified investment bankers.

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