Search results for Hanpass
Finance
SpaceX confirms IPO to raise more than 100 trillion won, contrasting with Korea\'s big-deal drought
SpaceX is proceeding with a Nasdaq listing and confirmed an offering of 555,555,555 common shares at $135 each, implying about $75 billion in proceeds, with potential upside if an overallotment option is exercised. In South Korea, the IPO market remains subdued despite a strong stock market. New listings and fundraising are limited, with a shortage of large deals and weak post-listing share performance weighing on sentiment.
Finance
Middle East-led oil and currency shock raises uncertainty in financial markets
South Korea\'s financial markets are seeing sharp volatility as a Middle East-driven oil shock sends the KOSPI plunging and lifts uncertainty. Concerns over prolonged high oil prices have pushed the won-dollar exchange rate up to 1,500 won, widening stock-market swings and prompting warnings about overheated leverage as some credit trading is halted. Regulators, banks and brokerages are stepping up risk management, while authorities also move to crack down on unfair trading and strengthen preventive supervision.
Finance
Hanpass sets IPO price at top end of range at 19,000 won after strong bookbuilding
Hanpass set its initial public offering price at the top end of its indicated range, 19,000 won, after drawing strong demand from institutional investors. The company said 2,229 domestic and overseas institutions took part in bookbuilding from March 6 to 12, posting a competition rate of 1,172.59 to 1. It expects to raise about 20.9 billion won and have an estimated market value of about 200 billion won after listing.
