Korea’s Cuckoo Set for Malaysia Debut After Scaling Down IPO

A subsidiary of South Korean home-appliance maker Cuckoo Holdings Co. is set to go public in Malaysia after a scaled-down offering that’s expected to raise 395 million ringgit ($93 million).

Cuckoo International (Mal) Bhd. will begin trading on June 24, two months after postponing its initial public offering due to market volatility. The final amount raised may vary as the company has received approval from the bourse to reduce its public shareholding spread to 22.05%, although the stock exchange operator has advised the firm to increase that to 25%.