Ship maintenance firm HD Hyundai Marine Solution jumps in Seoul debut (updated)

HD Hyundai Marine Solution

08/05/2024 01:53

(Adds share move, background)
       SEOUL, May 8 (Reuters) - HD Hyundai Marine Solution
 443060.KS  shares jumped by about 44% versus their initial
public offering (IPO) price in the company's trading debut on
Wednesday, after conducting South Korea's largest IPO in two
years. 
    Shares opened at 119,900 won and were last trading at
118,600 won, up sharply from their issue price of 83,400 won.
    Last month, the ship maintenance and repair service provider
priced its IPO at the top of its targeted valuation range. 
        The deal, which raised 742 billion won ($538 million),
is the largest South Korean IPO since battery maker LG Energy
Solution  373220.KS  raised $10.72 billion in 2022, according to
Dealogic data. 
($1 = 1,362.7600 won)

 (Reporting by Joyce Lee; Editing by Sonali Paul and Jamie
Freed)
 ((joyce.lee@tr.com;))