South Korea’s Ecopro Materials IPO Set to Be Largest Since Early 2022
- The company aims to raise at least 524 billion won in offering
- That’s the largest IPO in South Korea since LG Energy Solution
The Korea Exchange in Seoul.
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South Korea’s Ecopro Materials is seeking to raise up to 665.9 billion won ($498 million) through an initial public offering in Seoul, potentially the largest in the Asian country since early 2022.
The battery-materials producer is offering about 14.5 million shares at 36,200 won to 46,000 won apiece, according to a filing Monday. Bookbuilding is expected between Oct. 30 and Nov. 3, with pricing slated for Nov. 7.