South Korea's Hyundai Marine Solution rises 43.8% in market debut
SEOUL -- Shares in the maintenance and repair unit of South Korea's biggest shipbuilding conglomerate HD Hyundai Group jumped 43.8% in their stock market debut on Wednesday after the company completed the country's biggest initial public offering in more than two years.
HD Hyundai Marine Solution raised 742.3 billion won ($545 million) in its IPO last month, allocating 8.9 million shares, or 20% of its stock. It was the largest IPO on the Korea Exchange (KRX) since LG Energy Solution raised 12.8 trillion won in January 2022 in South Korea's biggest-ever IPO.