Bitcoin hits record high over $124k on rate cut bets, corporate treasury cheer
Investing.com -- DN Solutions, a South Korean industrial tools manufacturer, began bookbuilding for an initial public offering (IPO) on Monday, which could raise up to 1.6 trillion won ($1.1 billion). According to the company’s filing, this could be the largest listing in the country in more than three years.
The company plans to offer 17.5 million shares at a price range of 65,000 to 89,700 won per share. The final price will be determined on April 30, with a debut on the Korea stock exchange planned for May.
Bookbuilding for local investors is scheduled to start on April 22. DN Solutions, a key provider of tools for the automotive, semiconductor, aerospace, and medical industries, stated that the recently announced tariffs by U.S. President Donald Trump could potentially impact the market in the short term, but the structural demand will remain.
This IPO is set to be the largest since LG Energy Solution, a South Korean battery manufacturer, raised 12.8 trillion won in January 2022.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.