S.Korea's Doosan Bobcat seeks $890 mln in new IPO - under half of original plan

HD Hyundai Infracore Co

13/10/2016 08:36

SEOUL, Oct 13 (Reuters) - South Korean construction 
equipment maker Doosan Bobcat Inc's  241560.KS  revised initial 
public offering aims to raise up to 990.9 billion won ($890 
million) - less than half of original plans. 
    Doosan Bobcat's indicative price range is 29,000-33,000 won 
per share, with 30 percent of the company to be sold in the 
listing planned for Nov. 18, parent company Doosan Infracore 
 042670.KS  said in a statement. 
    Doosan Bobcat on Monday cancelled plans for an up to 2.45 
trillion won ($2.2 billion) IPO after not gaining the valuations 
it wanted.  urn:newsml:reuters.com:*:nL4N1CF0L2 
 
($1 = 1,114.7500 won) 
 
 (Reporting by Joyce Lee; Editing by Edwina Gibbs) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSAN BOBCAT IPO/