IPO Boom in Asian Emerging Markets Bucks Global Trend
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Hanwha Systems Co., a maker of military radars and communication equipment, just set the price for South Korea’s second-biggest initial public offering this year, helping boost the deal flow in Asia’s emerging markets.
The Seoul-based company and its existing shareholders will raise about $345 million from the sale, according to a filing Friday. The deal size comes in slightly below Lotte REIT Co.’s $353 million offering last month, according to data compiled by Bloomberg.