Doosan Bobcat to Gauge Korea IPO Demand in Early September

Doosan Bobcat Inc., an arm of South Korea’s biggest construction equipment maker, plans to start gauging demand in early September for a domestic initial public offering that could raise at least $1 billion, people familiar with the matter said.

The manufacturer of excavators and loaders aims to begin testing investor interest as soon as Sept. 8, according to the people, who asked not to be identified as the information is private. The Korea Exchange said last week it approved Doosan Bobcat’s share sale.