Ecopro Materials eyes $498 million in potentially largest South Korean IPO since early 2022
2023.09.25 05:53
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South Korea’s Ecopro Materials, a battery materials producer, is gearing up for what could be the country’s largest initial public offering (IPO) since early 2022. The company announced on Monday its intention to raise as much as 665.9 billion won ($498 million), according to a recent filing.
Ecopro Materials has set a price range of 36,200 won to 46,000 won per share for the offering, planning to float approximately 14.5 million shares. The bookbuilding process is scheduled to take place from October 30 to November 3, with the final pricing set to be announced on November 7.
This IPO could establish a new standard for South Korean companies seeking to go public, highlighting the strong financial activity within the Asian nation.
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