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

Socar IPO: Slightly Revises IPO Prospectus Details

KB Kookmin Bank Invests 200 Billion Won in SK Square's TMap Mobility

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Capital Markets

<ul>
<li>After the market close today, Seoul Economic Daily reported that Socar is likely to delay its IPO to later on. </li>
<li>Although Socar has not formally announced that it will delay the IPO, we believe that there is a high probability that the IPO will be postponed. </li>
<li>The overall sentiment on the Socar IPO appears to be negative by many institutional investors, unless the company reduces the IPO price range substantially. </li>
</ul>


After the market close today, Seoul Economic Daily reported that Socar is likely to delay its IPO to later on. 
Although Socar has not formally announced that it will delay the IPO, we believe that there is a high probability that the IPO will be postponed. 
The overall sentiment on the Socar IPO appears to be negative by many institutional investors, unless the company reduces the IPO price range substantially. 


SOCAR

SOCAR IPO Likely to Be Delayed