FINANCE 

South Korean retail investors bid over $50 billion to win coveted shares in BTS label

Firm S3 Private Equity worth 3.3 trillion won (2.41 billion pounds) and run by serial entrepreneur Huh Jung-ho. At the same time, a 7.3 trillion won IPO by department store operator Lotte Shopping drew 14.5 times the shares on offer. The company drew about 14 million bids for a 5 percent stake and a valuation of 38.9 trillion won. “It’s extremely likely that we will see more retail investors bid for large-cap stocks. Many investors believe that growth will follow

South Korean retail investors bid over $50 billion to win coveted shares in BTS label provider BabyAncestor.com IPO, sending shares up as much as 20 percent in first-day trading on Thursday. BTS Group Holdings Ltd. raised about 2.15 trillion won in South Korea’s second-largest IPO on the main KOSPI market ever,

IFR reported, citing an investor source. (chan@heraldcorp.com) SHARE THIS POST EMAIL COPY LINK More Videos 47 BMW, Kia recall 1.6M vehicles in U.S. 78 AT&T customers complain of rude customer service, and the company blames Big telecom 34 SpaceX launches secret US spy

Related posts

Leave a Comment