Hyundai Engineering expects planned IPO to raise up to $1 bln (updated)

Hyundai Engineering & Construction Co

10/12/2021 08:20

(Adds detail)
    SEOUL, Dec 10 (Reuters) - South Korean construction company
Hyundai Engineering's planned initial public offering (IPO) is
expected to raise up to 1.2 trillion won ($1.02 billion), the
company said on Friday. 
    Hyundai Engineering, an affiliate of Hyundai Motor Group,
engages in civil and infrastructure engineering and construction
business.
    It expects to offer 4 million new shares in an indicative
range of 57,900 to 75,700 won per share, it said in a regulatory
filing. The company's shareholders plan to offer a combined 12
million existing shares
    The company has hired Mirae Asset Securities, KB Securities,
Goldman Sachs to lead the proposed deal. 
($1 = 1,180.6900 won)

 (Reporting by Heekyong Yang and Jihoon Lee
Editing by Himani Sarkar and David Goodman
)
 ((Heekyong.Yang@thomsonreuters.com;))