Deals
Lotte Unit to File Likely Largest Korea IPO in Recent Years
- Company was seeking to raise $5.9 billion, MoneyToday reports
- Samsung Life's $4.3 billion listing was largest recent IPO
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Hotel Lotte Co., a duty-free sales unit of retail conglomerate Lotte Group, filed an application for what could be the largest South Korean largest public offering in recent years.
Hotel Lotte submitted the application Monday, the Korea Stock Exchange said in an e-mailed statement. Lotte Group didn’t comment on the size or timing of the offering in an earlier statement on the filing. The exchange typically takes 20 to 45 business days to process such applications.