APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Shinhan Financial / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/208" target="_blank" data-smartkarma-citation="entities:208:1">POSCO (005490 KS)</a> will be raising US$160m by selling 4.36m shares of <a href="https://www.smartkarma.com/entities/6978" target="_blank" data-smartkarma-citation="entities:6978:1">Shinhan Financial Group Ltd (055550 KS)</a> in a secondary share placement. The deal amounts to 0.92% of Shinhan's total outstanding shares. This will be a clean up trade for POSCO.</p><p>The deal scores marginally positive on our framework due to its strong earnings momentum which partly offset by valuation. Korean bank stocks have performed well in the past few months due to the expected easing of bank regulation. Shinhan is expected to…</p>

POSCO (005490 KS) will be raising US$160m by selling 4.36m shares of Shinhan Financial Group Ltd (055550 KS) in a secondary share placement. The deal amounts to 0.92% of Shinhan's total outstanding shares. This will be a clean up trade for POSCO.The deal scores marginally positive on our framework due to its strong earnings momentum which partly offset by valuation. Korean bank stocks have performed well in the past few months due to the expected easing of bank regulation. Shinhan is expected to…

Shinhan Financial Placement - Industry Tailwinds and Strong Fundamentals