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

POSCO: Three Key Catalysts (Lithium Asset Revaluation, Share Buyback, & Steel Price Hike)

Korea M&A Spotlight: POSCO or SK to Acquire KCFT for About 1 Trillion Won?

POSCO Chemical Rights Offer: Terms & Trade Approach

The Psychology & Evidence Behind V-Shaped Rights Offerings in Korea

POSCO Chemtech: Merger, Renaming, KOSPI Move & Joining KOSPI 200

Equity Capital Markets

<p>On 6 November after the market close, POSCO Chemical (003670 KS) announced a major rights offering worth 1 trillion won, representing nearly 20% of its market cap (5 trillion won). POSCO Chemical's share price is down nearly 2.5% today. With the additional 1 trillion won from the proceeds of the rights offering, POSCO Chemical will use it to aggressively invest in the rechargeable battery materials for electric vehicles.</p><p>There is likely to be a healthy demand for the rights offering issue among the general investors, given that this is a relatively sizeable deal with enough upside potential, given POSCO Chemical's increasing competitiveness in the rechargeable battery materials sector globally. </p>

On 6 November after the market close, POSCO Chemical (003670 KS) announced a major rights offering worth 1 trillion won, representing nearly 20% of its market cap (5 trillion won). POSCO Chemical's share price is down nearly 2.5% today. With the additional 1 trillion won from the proceeds of the rights offering, POSCO Chemical will use it to aggressively invest in the rechargeable battery materials for electric vehicles.There is likely to be a healthy demand for the rights offering issue among the general investors, given that this is a relatively sizeable deal with enough upside potential, given POSCO Chemical's increasing competitiveness in the rechargeable battery materials sector globally. 

POSCO Chemical (1 Trillion Won Rights Offering - 20% of Market Cap)

Posco Future M

POSCO Chemical (1 Trillion Won Rights Offering - 20% of Market Cap)