Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

LS Automotive IPO Preview (1) - Leading Beneficiary of Autonomous Automobile

Why the Car You Currently Own Is the Last Car You Will Ever Buy

Event-Driven

<p>It was reported today in Maeil Business Daily that KKR has agreed to buy <strong>LS Automotive</strong> for about 1 trillion won (US$885 million). LS Automotive is 100% owned by LS Mtron, which is a wholly owned subsidiary of LS Corp (006260 KS). LS Automotive has been preparing for an IPO but along came this fat offer from KKR, which LS Automotive did not pass up on. LS Automotive is one of the best companies among many LS affiliates. It will be unfortunate for many IPO investors that were waiting for the IPO…</p>

It was reported today in Maeil Business Daily that KKR has agreed to buy LS Automotive for about 1 trillion won (US$885 million). LS Automotive is 100% owned by LS Mtron, which is a wholly owned subsidiary of LS Corp (006260 KS). LS Automotive has been preparing for an IPO but along came this fat offer from KKR, which LS Automotive did not pass up on. LS Automotive is one of the best companies among many LS affiliates. It will be unfortunate for many IPO investors that were waiting for the IPO…

Korea M&A Spotlight: KKR Agrees to Buy LS Automotive for About 1 Trillion Won