HD Hyundai Marine Solution (443060 KS) is looking to raise up to US$551m in its Korean IPO. In this note, we share our thoughts on valuation.
What is covered in the Full Insight:
Deal terms
Earnings assumptions
Revenue and cost projections
Thoughts on valuation
Concluding thoughts
Boomeranged on Mon, 8 Apr 2024 11:45
Books have opened today as the firm seeks to raise up to US$550m. Bookbuilding will run from today to April 22, with pricing slated for April 24. The shares are expected to list on May 9.