Doosan Bobcat says IPO to raise about $790 million

HD Hyundai Infracore Co

06/11/2016 22:15

Nov 7 (Reuters) - Doosan Bobcat Inc's  241560.KS  initial 
public offering (IPO) will raise about 900.8 billion Korean won 
($789.86 million) after the construction equipment maker priced 
it around the middle of the range, the company said on Monday. 
    The company priced the IPO at 30,000 won per share, compared 
to an indicative range of 29,000-33,000 won per share. It will 
list a total of about 30 million shares, Doosan Bobcat said in a 
regulatory filing.  
    In October, Doosan Bobcat slashed the amount it aims to 
raise in the listing, now expected Nov. 18, targeting less than 
half of its original goal after investors baulked at the 
previous price tag.  urn:newsml:reuters.com:*:nL4N1CJ30V 
 
($1 = 1,140.4500 won) 
 
 (Reporting by Yun Hwan Chae; Editing by Paul Simao) 
 ((YunHwan.Chae@thomsonreuters.com;)) 
 
Keywords: DOOSAN BOBCAT IPO/