bearish

KEPCO (9503 JP): Index Implications of US$3.5bn Primary + Secondary Offering

931 Views14 Nov 2024 04:52
KEPCO is looking to raise up to US$3.5bn via a primary offer and sale of Treasury shares; likely priced on 26 Nov. There will be passive buying at the time of settlement. But a large move lower first.
What is covered in the Full Insight:
  • Overview of Offering
  • Use of Proceeds
  • Pricing and Settlement Timeline
  • Shareholding Implications
  • Index Implications
Boomeranged on Fri, 22 Nov 2024 06:17
KEPCO is down 22.8% from the time of the announcement of the primary + secondary offering. The stock is now back to where it was at the start of the year and from where it has bounced in the past. The offering should be priced early next week and the passive buying will follow.
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